IG corporate bond flurry dismisses demand concerns

By Mike Turner
18 Nov 2020

High grade corporate bonds flew off the shelves again on Wednesday, with French computer game maker Ubisoft coming through fair value despite growing concern that the rush of deals would mean issuers paying higher new issue premiums.

French construction company Vinci joined Ubisoft in euros on Wednesday, while Dutch connectivity and phone company Veon was out in the dollar market.

“There has been a lot of issuance this week because of the promising vaccine news,” said a syndicate banker working on one of Wednesday’s deals. “I’d ...

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