Corporate bond new issue premiums in Europe are finally coming down. That was the message from two successful deals on Monday, for Motability Operations Group of the UK and Spain’s Gas Natural Fenosa.
All year the dominant emotion in the European corporate bond market has been fear of the unknown. Companies were anxious to get large amounts of funding done without trouble, conscious that the outlook for the economy is poor and the Eurozone debt crisis could easily get worse. Either
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