Pandemic winner Logicor smashes curve as fundamentals catch eye

By Mike Turner
11 Jan 2021

Fundamentals are becoming more important again in Europe’s corporate bond primary market, but the power of the European Central Bank technical trade in the secondary market is quickly washing away any new issue concessions issuers have to give.

Logicor, the UK warehouse company, was joined on Monday by three French issuers in the senior market: La Poste, property company Icade and environmental services group Veolia. Swiss-Swedish machinery maker ABB was also in the market.

Logicor is one of the business winners of the pandemic. “Anything you bought ...

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