Deals still in the pipeline with August on the horizon

Water Pipe
By Nigel Owen
27 Jul 2017

The three new issues and one tap that priced in the investment grade corporate bond market this week were all two to three times oversubscribed, but a thinning supply pipeline and the excuse of a Fed meeting meant no deals were launched on Wednesday or Thursday. However, three issuers are looking to issue before the summer break, following meetings with investors.

Superstrada Pedemontana Veneta, the first non-motorway toll road in Italy, completed a five day roadshow on Tuesday. Banca Akros, Banca IMI, JP Morgan and Santander organised the meetings, with a dual tranche deal set to follow. The unrated issuer wants to sell a €1.2bn 30 year senior tranche ...

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