Heidelberg slashes spread amid ‘insane’ rally

By Alex Radford
19 Jun 2019

The rally set off European Central Bank president Mario Draghi's assertion on Tuesday that further quantitative easing was possible, if not probable, had reached a level by Wednesday that astonished bankers. Three investment grade companies took advantage that day with benchmark bond issues, while one brought a tap.

“It was crazy how it boosted the market, especially on the equities side,” said a banker away from Wednesday's deals of Draghi's remarks. “But there was also a significant move on the credit side of up to 5bp in the indices. So I think the market has quite ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.