IG corporates cluster into market as ECB piles into bonds

ECB adobe stock AS 230x150
By Mike Turner
13 May 2020

High grade corporates filled the primary bond market again on Wednesday, with issuance levels this week looking likely to hit almost €20bn on the back of record weekly European Central Bank bond buying.

Germany car company Daimler and energy firm E.On are both back in the market for the second time is as many months, while Deutsche Post and Spain’s Telefonica are also looking for multi-tranche euro trades.

Activity continues in sterling, too. Housing association finance company Blend Funding, rated A2, ...

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