Coronavirus claims $30bn of supply

By David Rothnie
27 Feb 2020

Concerns over the impact of the Covid-19 coronavirus outbreak on the balance sheets of some of the biggest companies in the world led to four straight days of zero supply in the US high grade bond market this week.

Borrowers that had been basking in near perfect funding conditions since the start of the year scurried to the sidelines this week, leaving predictions of a strong month for supply in tatters.

Bankers had been predicting $25bn-$30bn in dollar supply across corporate and financial institutions, with a ...

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