Europe's busy IG corporate market struggles for stability

By Mike Turner
02 Jul 2020

Europe’s high grade market finally found a solid footing on Thursday after days of scrabbling for purchase, with the biggest trades of the day landing flat or through fair value.

German real estate firm Vonovia, the UK’s National Grid Electricity Transmission, German airport Fraport and UK logistics company Logicor all raised funds on Thursday.

Vonovia, rated BBB+ with S&P, brought the biggest deal in euros. The borrower launched a €750m July 2026 50bp inside the wide end of initial ...

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