French and German supply keeps market strong to the end

French and German Flags
By Nigel Owen
07 Dec 2017

After a slow first two days of the week, some participants were calling the end of a successful 2017 for corporate bond issuance. However five new deals were priced in the next two days as French and German issuers in particular benefited from investor desire to keep buying.

French airport operator Aéroports de Paris, which runs 34 international airports, had met with investors in Paris on Tuesday. The announcement of its deal by lead managers BNP ParibasCrédit Agricole and Société Généraleemptied the euro IG pipeline for 2017 but the demand for the deal suggests investors ...

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