Dollar market takes off as Rockwell gets permission to land
US aircraft component maker Rockwell Collins re-opened the dollar market with the biggest deal in its history and propelled high-grade issuance to its busiest first quarter on record.
Rockwell received a red-hot reception when it came to the market on Tuesday after borrowers remained on the sidelines as Trump's administration's failure to push through healthcare reforms hit the equity markets.“Credit wobbled a bit on Monday and spreads were around 2bp wider. That was ...
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