Oversized, oversubscribed and over here: US firms take over euro market

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By Richard Metcalf
26 Feb 2015

US firms took the European corporate bond market to a record week, climaxing with an €8.5bn fizzer from Coca-Cola. And there is no let-up to the “reverse Yankee” glut in sight, reports Richard Metcalf.

That bond from the soft drinks giant, launched without warning on Thursday morning, was the second largest ever corporate bond in the European market, and the only such mega-deal to be launched with so little forewarning to investors.

By Friday, €20.6bn of corporate bonds had been issued, of ...

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