IG corporate demand holds strong through supply deluge

By Mike Turner
13 May 2020

High grade corporate bond investors showed few signs of fatigue on Wednesday, as deals commanded comfortable oversubscription, despite the flurry of issues in recent days.

German energy company E.On, rated Baa2/BBB, brought its green curve inside its regular curve with a triple tranche trade.

The borrower launched a €500m eight year conventional bond 20bp inside initial price thoughts (IPTs) and in line with guidance at 110bp over mid-swaps.

It also launched a €500m 11.25 ...

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