Corporates light up bond market in run-up to blackouts

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By Mike Turner
30 Jun 2020

Europe’s investment grade corporate bond market acquired a more cheerful tone on Tuesday, with new issues well oversubscribed, despite quickly shifting sentiment.

ISS, the Danish facility services company, garnered €2.1bn of demand for a €500m no-grow five year, while Fiat Chrysler Automobiles won almost €9.5bn of bids for a €3.5bn multi-tranche trade.

“Things feel more solid today,” said a London syndicate banker. “It’s hard to pinpoint exactly why.”

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