Bankers foresee pick-up in mid-May after sporadic period

Easter Egg
By Alex Radford, Jon Hay
24 Apr 2019

The balance of supply and demand in Europe’s corporate bond market has favoured issuers this year, leading to a remarkable tightening of spreads, and is set to stay that way for two more weeks, bankers believe, as issuance will be intermittent.

The combination of company blackouts and Easter holidays have kept issuance low in the investment grade corporate bond market recently, although conditions remain attractive for issuers. Since the beginning of last week only Sika, Auchan, Next, Wendel and Tesco have issued IG bonds.

“I don’t think that’s anything to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial