Dollar market takes off as Rockwell gets permission to land

By David Rothnie
30 Mar 2017

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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