Investors look for cracks in thumping corporate market

By Mike Turner
09 Oct 2019

The search for yield is shovelling more fuel on to the fire of an already blazing corporate bond market. Investors are keeping a close watch on Enel’s euro sustainability-linked bond issue, which is being marketed via investor calls on Wednesday, as a gauge of the market's health.

Although issuance was very heavy in September, there is plenty more coming after a lighter week last week. 

Unrated French media group Lagardère has received a modest €825m of demand for its €500m no-grow seven year. It will price it at 250bp over mid-swaps, in from initial price thoughts ...

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