Although a flood of issuers came to the primary bond markets last week, banks are predicting a global slowdown in issuance due to tightening interest rates.
As if corporates had taken heed of CF’s debt feature in the September issue of the magazine, which urges them to issue dollar debt while US demand is strong, dollar-denominated bonds dominated issuance last week. BellSouth offered a two-tranche bond totalling $3 billion intended to finance the acquisition of AT&T Wireless, Russian company Norilsk Nickel said it was planning to issue its first dollar bond and DaimlerChrysler doubled the size of its three-year floating rate note to $1.5
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
