Borrowers jump in as the Fed calms nerves

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By David Rothnie
06 Jun 2019

Dollar corporate bond issuers enjoyed bulging order books and tight spreads this week, as the high grade market shrugged off fears over the economy following soothing words from the chairman of the US Federal Reserve.

But the improving backdrop did not result in bumper supply, leaving syndicate bankers fretting about the volumes for the rest of the year. “There are a couple of big M&A trades coming from Danaher and T-Mobile, but apart from that the pipeline is thinning out,” said one senior ...

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