Corps and banks raise $44bn in US show of strength
Investment grade corporate and financial institution borrowers showed their strength with more than $44bn of US bond issuance in two frenetic windows this week, after central banks took emergency action to avert a global depression.
On Tuesday and Thursday nine corporate borrowers raised more than $32bn and five US banks issued $12.3bn as they piled into an extremely volatile market that made pricing difficult.“Market levels have repriced dramatically in a very short period,” said Rob Vandenassem, head of developed markets investment grade ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org