Besides the rare offering of a Chinese issuer on Wednesday, when Jin Jiang International issued a €500m bond, euro corporate bond investors had to make do with two other deals, from Telenor and Mondelez.
This pace of issuance, with a total of €2.5bn of bonds, was much easier, after €13.8bn had come on Monday and Tuesday.
Investor appetite, however, is buoyant. “I don’t think the market's cooled,” said a banker away from the deals. “The market’s being a little more disciplined than it