Lockdowns to spur busy November in IG corporate primary

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By Mike Turner
28 Oct 2020

The threat of new national level lockdowns in some of Europe’s largest economies could spark a wave of high grade corporate bond issuance, with investors happy to ignore trembling fundamentals as long as the European Central Bank keeps pumping billions into the system.

France and Germany are teetering on the edge of national lockdowns, and many bankers expect other countries to do similar soon, including the UK. Equity markets have spent the week sinking to multi-month lows, and this has started ebbing through to high grade corporate credit, with the Europe ...

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