Schlumberger and TVO round off €22bn issue spree

By Alex Radford
06 Sep 2019

Two new corporate bond issues hit the market on Friday, wrapping up the busiest week of the year, in which nearly €22bn of new notes have been printed. Despite the frantic activity, investors have been willing to lend, though companies may have had to pay larger new issue premiums.

This week's €21.725bn of issuance has comfortably exceeded the €17.1bn total last week, which was already easily the busiest week of the year.

“Concessions are a little bit higher, but it feels like the market has absorbed it very well,” said a banker away from today's deals. “In terms ...

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