Corporate roadshows pile up as ECB keeps lid on spreads
A steady flow of deals is running through the investment grade corporate bond pipeline and out into the market. This is expected to become a deluge before long, as investors’ inboxes are filling up with roadshow invitations.
German pharmaceutical company Bayer is the latest to join the queue, having announced a mandate for a dual tranche euro hybrid capital issue on Wednesday with maturities of 60 non-call 5.5 years and non-call eight (see separate story).“It was expected,” said an investor, “but it’s still ...
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