No clear market direction as IG corporates line up deals

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By Mike Turner
29 Jun 2020

Europe’s high grade bond market provided some mixed indications of sentiment on Monday with the deals for Takeda and SEE seeing notable differences in demand, leaving syndicate bankers trying to work out what this means for what is expected to be a busy week of issuance.

Japanese pharmaceutical company Takeda was out with a four-tranche trade, while UK energy company SSE was on the hunt for hybrid debt after a shaky few days last week that saw many deals widen soon after printing.

Takeda won around €8bn of demand for its €3.6bn trade, while SSE ...

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