Corporate bond investors ignore trade fears to gobble deal binge

By Alex Radford
09 May 2019

European corporate bond investors showed they were hungry for paper on Thursday, despite the gloom infecting equity markets this week about the prospect of a restart to the China-US trade war. A flurry of issuers came to the market, hot from roadshows, and got plenty of over-subscription while slashing their spreads by 20bp to 30bp.

“People have potentially over valued or over-estimated the slightly negative tone we have seen on screens in the past few days,” said a syndicate banker. “That’s understandable, given we've had a few holiday periods. We've had the unwind of the potentially more positive direction of travel in the ...

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