Phalanx of companies ready to issue in softer market

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By Alex Radford, Jon Hay
08 May 2019

The strength of corporate bond demand, after falls in stockmarkets engendered by the US's hardened stance on trade talks with China, will be tested in the US on Wednesday by a $20bn issue for IBM. In Europe, the test could come on Thursday, since a handful of issuers finished roadshows on Wednesday.

"It's obviously been unbelievably strong for some time," said a corporate bond syndicate banker in London on Wednesday morning. "The last two days have been a little bit weaker. It kind of started with the US China Trump stuff. Yesterday there was a bit of widening, more ...

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