Corp bonds ease off but performance is excellent

Chemistryset_PA_230x153
By Alex Radford
10 Jul 2019

Europe's investment grade bond market has slowed from a sprint to a jog, and now to a walk. On Wednesday, Westlake Chemical Corp is the only issuer, taking the baton from the indefatigable Aroundtown, which had kept things going on Tuesday.

Having finished its roadshow last Friday, the US petrochemicals and plastics company, rated Baa2/BBB/BBB, is offering initial price thoughts of 165bp over mid-swaps for a 10 year euro benchmark via Bank of America Merrill Lynch, Deutsche Bank and Goldman Sachs.

“Issuance has slowed down a bit in the ...

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.