Trade war and Fidelity nudge out corporate issuance

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By Alex Radford
14 May 2019

Trade war concerns and US title insurer Fidelity National Information Service’s eight tranche €6.44bn equivalent deal crowded out issuers from the corporate euro investment grade market on Tuesday, bankers and investors said. But several are hopeful that deal flow could pick up later in the week.

“It’s going to garner all of the market attention effectively, so probably a number of issuers stood aside,” said one syndicate banker. He added that issuers might also have been put off “by the weak tone off the back of the trade tensions between the US ...

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