Companies irk investors with aggressive spread tightening

By Mike Turner, Owen Sanderson
20 Nov 2019

Investment grade companies are rushing to Europe's bond market in the last major issuing window of the year, but fatigue is setting in and investors are expected to start kicking back on large spread movements during execution.

A plethora of jumbo, multi-tranche trades is due between now and the US Thanksgiving holiday on November 28. Fresenius Medical Care and EssilorLuxottica are out with deals on Wednesday and Stryker, LEG Immobilien and Fidelity National Information Services are also on the hunt for multi-tranche debt.

While ...

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