High grade investors given ample chance to pick up crossover-rated securities

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By Mike Turner
15 Oct 2020

High grade corporate bond investors had their pick of crossover deals this week, with Inwit, Veolia and Cellnex offering trades on the periphery of junk ratings, with demand solid as risk appetite remains strong.

Those looking for higher ratings also had deals to choose from, with German utilities EWE and EnBW and Japanese brewer Asahi in the market.

Italian wireless infrastructure company Inwit drummed up €3.7bn of demand for its trade at the start of the week.

Inwit, rated BB+/BBB-, opened books on an ...

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