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Daily Archives: 19th June 2018

19th June 2018

It IS a big deal

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Tweetie pie is back…

The investor base in the euro-denominated corporate bond market would have been left massively deflated after Bayer decided to pull the trigger on $15bn of issuance in the US, and only €5bn here. We had the appetite and willingness to take down much more.

Even as most were fretting about an escalation in the US/China trade war, the chemical giant had no problem with getting its 4-tranche offering away. There’s always interest (over €22bn worth of it) for a good name (defensive and solid in this case), where the price is attractive for the quality on offer. The heightening Washington/Beijing tensions was a side issue for this well-flagged deal.

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