No let-up in blistering primary levfin pace

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By Owen Sanderson
19 Apr 2021

Last week’s heavy levfin supply hasn’t produced a pause for digestion, with five new high yield bonds on Monday joining two announced on Friday for execution this week, despite some recent supply trading down in secondary.

Last week’s bond deals have not all been slam-dunk successes in the secondary market. Dufry and Nexi are trading down —MarketAxess BondTicker was showing 99.35 for Dufry’s 3.375% 2028 and 99.625% for Nexi’s 2.125% 2029 on Monday morning, having been priced at par on Thursday. But this might ...

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