Volkswagen, Bright Food get big books on soft day

By Alex Radford
12 Jun 2019

It's not often a €1.75bn deal from Volkswagen Leasing is overshadowed in the corporate bond market, though that was the case on Wednesday with Berkshire Hathaway's £1.75bn 20 and 40 year stormer. But Berkshire left euros clear for Volkswagen - it only had Bright Food of China to compete with.

“If you take the general amount of primary issuance that has come today, you should read the market as being in good shape,” said a head of syndicate on Wednesday. “However, that doesn’t describe the full picture, because, compared to yesterday, conditions in the market are a bit ...

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