Softer market fails to dent corporate bond supply hopes

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By Michael Turner
18 May 2017

Corporate borrowers gave bond investors some respite on Thursday after almost two weeks of frenzied feeding, but bond bankers say that the feast will begin again on Monday as long as the softer market stabilises.

Unrated Finnish chemical company Kemira was the only primary activity with a €200m seven year bond that priced at 140bp over mid-swaps alongside a tender offer from around €165m of its €200m 2.5% 2019s via Nordea and OP Corporate Bank.

This marked a big change ...

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