Europe’s high grade corporates see bulging books despite time of year

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By Mike Turner
03 Dec 2020

Opportunistic corporate issuers had a strong week of it in Europe's bond market, increasing deal sizes and enjoying bulging order books as investors turned positive on the outlook for the market.

Poste Italiane, the Italian postal service, brought a benchmark sized trade, alongside a sub-benchmark issue from car rental firm Sixt on Wednesday. A day later, Germany’s Grand City Properties proved risk appetite still exists by printing a heavily oversubscribed hybrid.

The promise of vaccines, which are expected to begin ...

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