There is nothing to write about this week of note. The only deals were a two-tranche BBB offering from DPL on Friday (August 23), a $3 billion AAA 5Y for the European Investment Bank and a AA 7Y $750 million from the Province of British Columbia. That said, the market might soon be longing for more quiet days. Estimates of the forward calendar for investment grade corporates for the month of September are anywhere from $40-70 billion, with the wildcard the amount of commercial paper that Ford and GM look to term out ahead of possible downgrades in October.
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