Utilities look safe as trade alarms US investors

By David Rothnie
30 May 2019

US utilities continued to dominate dollar corporate bond issuance this week, as defensive names piled into the market before trade tensions slammed the brakes on supply on Wednesday. But issuers fought back on Thursday.

San Diego Gas & Electric, Pennsylvania Electric and Southwest Gas reopened the market on Tuesday after the Memorial Day holiday weekend. On Thursday Sempra Energy and Entergy jumped into the market along with International Paper, as borrowers tried to exploit improving market conditions.

But there were no deals on Wednesday, as ...

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