IG issuers rush to beat ECB as HY enjoys cash bonanza

By Alex Radford, Owen Sanderson
04 Sep 2019

A new flurry of investment grade corporate bond issuers jumped into the market on Wednesday morning, after Danaher priced its €6.25bn five-tranche Reverse Yankee note. Getting that deal out of the way gave other corporate borrowers room to bring bonds of their own — and plenty are expected to in the run-up toe the European Central Bank's monetary policy announcement on September 12.

“I think we are now facing a favourable window [for issuers]” said one banker. “I think some of them, think there’s a risk that if the ECB does not deliver what the market expects; we will have a shift in the market, and they are trying to be ...

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