One day rally sparks bond sales as banks jam brakes on loan pricing

14 Sep 2011

Is the European corporate bond market becoming less fussy? A healthy crop of transactions and roadshows was announced on Wednesday morning, suggesting that issuers, or investors, or both, have loosened their definition of what constitutes a favourable market for issuance.

The Euro Stoxx 50 rose 1.55% on Tuesday and another 0.6% on Wednesday morning, while Markit’s iTraxx Europe Main index has recovered to 188bp, after closing at 191bp on Tuesday and 199bp on Monday.

One and a bit days of recovery was enough to tempt Suez Environnement to ...

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