Variety is the spice of dollars as deals deals keep on coming

Conveyor belt
By Nigel Owen
10 Aug 2017

The US investment grade corporate bond enjoyed a huge week of issuance as nine borrowers printed deals on Monday before British American Tobacco delivered $17.25bn on its own on Tuesday and plenty more came on Wednesday and Thursday. Bankers predict another heavy week to follow before supply slows for the traditional summer break.

Monday was the most varied day of 2017 so far with US issuers keen to access the market between results season and a summer break, and also trying to avoid going head to head with BAT's king-sized deal. BAT was funding the repayment of the $25bn acquisition ...

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