IG corporates stare down the barrel of a barren month

Depressed businessman
By Ross Lancaster, Toby Fildes
21 Jan 2016

Investment grade corporate bond issuers are running scared of primary markets, leading to one of the worst starts to the year in living memory. The gloom may well spread through February, writes Ross Lancaster.

“We are almost at the point of being in an early blackout period,” said one senior syndicate banker in London. “It must be the worst January start ever. Normally you’re looking at €20bn-€30bn of issuance in this month, but it’s just tiny.”

Europe’s corporate bond new issue market ...

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