IG euro market holds breath for Danaher jumbo Reverse Yankee

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By Alex Radford
02 Sep 2019

The investment grade corporate bond market appeared to be taking a more sedate pace this week compared to last week's stampede of new bond issues. There were three deals in the market on Monday, but the real action will begin once US borrowers and investors return from a public holiday on Tuesday, to be led by a deal from US conglomerate, Danaher.

The slower run rate was not much of a surprise for corporate bond bankers, however. Monday was a US public holiday, knocking out both US investors, and the prospect of Reverse Yankee issuance. When the Reverse Yankee supply does restart, it is likely to be led by a ...

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