Investors laud IG companies’ less frenetic approach to bond market

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By Mike Turner
07 Apr 2020

Chunky books and shrinking new issue premiums were everywhere in Europe's high grade corporate bond market on Tuesday, as some investors said the market felt like it had found solid ground again after huge moves in recent weeks.

A swathe of issuers offered bonds, including Energias de Portugal, the first Portuguese issuer since the crisis started, and a host of utility and government-owned names such as Energie Baden-Wuerttemberg and Deutsche Bahn.

The styles of execution on Tuesday tended towards safer patterns than in recent days. Most issuers ...

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