Euroweek Poll: Welcome to the bottom of the IG market

16 Aug 2011

Pricing in the European investment grade market has hit its nadir, and the margins on offer are expected to rise from September, according to a EuroWeek survey of market participants.

Some 61% of those polled thought the 35bp margin on offer on a €5bn loan last month for Germany’s Volkswagen would mark the bottom of the market.

In absolute terms, the pricing on a €3bn refinancing from chemicals firm BASF — which is expected to sign this week ...

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