High grade corporate borrowers were quick out of the traps on Monday, cramming in before the blackout period to raise around €5bn-equivalent of bond funding from order books many multiples of that.
Deutsche Bahn followed up last week’s hybrid bond roadshow with a €2bn deal split equally between perpetual non call 5.5 and 10 year tranches. German car parts company ZF Friedrichshafen came to the public markets for a €2.7bn multi-tranche trade after hitting the Schuldschein market for a similar
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