Eight issuers crowd on monster day for corps

By Alex Radford
05 Sep 2019

The frenzy of investment grade corporate bond issuance in Europe intensified on Thursday, when eight companies came to market, issuing a total of €6.6bn of paper in euros. That brought the total for the first four days of this week to over €20bn. Despite the heavy supply, issuers have found sufficient demand to support their notes.

“There are quite a few new deals, and it feels OK,” said a portfolio manager at an asset manager in London. “Everyone knew when we were going to come back into September that there would be these huge numbers of deals. The tone this morning was a bit ...

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