Lockdown easing and vaccine hopes light up corporate primary

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By Mike Turner
18 May 2020

High grade corporates poured into the primary market on Monday, with sentiment noticeably higher as the first trial for a Covid-19 vaccine in the US and easing of lockdown restrictions in Europe cheered markets.

Norway’s state oil company Equinor, German tyre maker Continental and Swedish car company Volvo were out for euros on Monday, while UK utility Eastern Power Network raised sterling debt. 

“Everything feels upbeat today,” said a syndicate banker working on one of Monday’s trades. “Equities are way up. It’s a ...

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