IG corporate market lights up as earnings start

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By Mike Turner
19 Apr 2021

A handful of investment grade corporate borrowers are out with mandates on Monday, with market conditions improving for them after last week’s bonds have traded tighter despite pricing with small premiums.

The eight to 12 year part of the curve is popular as the week kicks off,  with US logistics firm Fedex Corp, German engineer Hochtief and UK utility Yorkshire Water all targeting that maturity. This is just a coincidence, according to two bankers.

Fedex, rated BBB with S&P, has ...

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