Quality Issuers :Tough times even for triple As
However, in mid-1998, recalls corporate treasury manager Jerome Lienhard, the funding team started to notice a change in market sentiment.
“In May 1998 we did a [$1 billion] dollar Eurobond [jointly lead by Credit Suisse First Boston, JP Morgan and Merrill Lynch] and beforehand we had done a roadshow. Normally we would have seen big institutional buying as well as big Benelux retail buying spread tightening. But it just stalled out.”
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
