Public Storage M&A breaks dollar hush

Public Storage from Alamy 15Apr21 575x375
By David Rothnie
15 Apr 2021

Public Storage wrapped up a quickfire acquisition financing in the US bond market this week, after supply slowed to a trickle as huge swathes of corporate America entered earnings blackouts.

 “We expect supply to normalise from here and be closer to levels we saw in 2019,” said Marc Fratepietro, co-head of globaI investment grade debt capital markets at Deutsche Bank in New York. “The use of proceeds will continue to be diverse, with a pick-up in M&A-related financings ...

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