Volkswagen drives dollar primary market boom before Thanksgiving holidays

By David Rothnie
19 Nov 2020

Volkswagen led the dollar primary bond market this week as borrowers jumped into a crowded field to find funding ahead of the Thanksgiving holidays.

The German carmaker’s financing unit printed a $4bn upsized deal to complete its second dollar trade of the year after attracting more than $9bn in demand. It faced some stiff competition as corporate borrowers raised $24bn, with the bulk of supply coming on Tuesday when Saudi Aramco took ...

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