Companies get the hang of volatile markets... ...as blue chips fire deals on rollercoaster days
The European corporate bond market seems finally to have learned resilience, on the evidence of this week’s output of three deals, despite a wrenching sell-off on Tuesday and chaotic news all week on Europe’s sovereign debt crisis.
All three issuers were blue chips: the ever-popular Volkswagen Leasing on Monday, rare and non-cyclical British American Tobacco on Wednesday and Thursdays France Télécom, which does not seem to be regarded as tainted by its French origins.But until recently, even such companies would have shied away from issuing ...
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