Kering, Adecco issue with ease as investors shake off the blues

Adecco
By Jon Hay
08 Jul 2013

Was it a bout of man flu that kept European corporate bond investors at home in bed last Wednesday, just when GDF Suez had the misfortune – with little room for manoeuvre – to launch its high profile hybrid capital issue?

To judge by how quickly the market fell sick, and how quickly it has recovered, it might well have been.

After four days’ rest, the market was in chirpy mood today. Adecco and Kering (formerly PPR) both cruised to substantial books with their issues today and seemed to ...

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