The dollar corporate bond market was ripe for new issuance on Thursday after the US Federal Reserve opened the door to a rate cut soon. But investors eager to buy were frustrated by a week of light issuance from infrequent issuers, which in some cases had to pay up for access.
There was some cheer on Thursday when investors were offered a seven and 10 year issue from Healthcare Property Investors, returning after a four year absence.
The real estate investment trust had been upgraded earlier this year after repositioning its portfolio.
After the Fed kept