Widening spreads make August IG issuance spree repeat unlikely

By Alex Radford
06 Aug 2019

Widening spreads in the investment grade corporate bond market are making the chance of a repeat of last year's heavy issuance in the first week of August look slim.

"We have seen quite a bit of widening in the secondaries", said one corporate bond syndicate banker. Pointing to last week’s trades, she noted that Daimlers €3bn four tranche has widened by 10bp, and the three tranches of Philip Morris’s €2bn deal by between 12bp-25bp.

The trade ...

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.