High grade corporate primary given extra Pepp by ECB largesse

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By Mike Turner
04 Jun 2020

Europe’s high grade corporate bond market saw a steady stream of trades this week, with the bigger than expected fresh wave of bond buying announced by the European Central Bank forecast to keep the rally in corporate credit going.

French electric utility Engie, European aircraft maker Airbus and food company Danone were standouts this week in terms of size. 

Engie, rated A2/BBB+/A, braved the markets alone on Thursday, the same day as the ECB meeting.

Despite the distraction of the ECB, Engie got a similar oversubscription to ...

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