Amid Political Turmoil, Europe Pulls Bond Issues

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zerohedge.com / by Tyler Durden / Feb 10, 2017

Despite solid investor appetite for riskier, corporate bonds, it appears that political uncertainty across Europe is startng to create problems for the region’s so-called ‘safest’ borrowers. As Bloomberg reports, France’s government-linked development agency postponed a $1 billion bond sale this week, citing market volatility, while a junk-rated shipping company managed to increase the size of its sale.

In a week dominated by bond sales from sovereign and financial issuers, corporate borrowers accounted for three of the four most subscribed deals. Molnlycke Holding AB tops the list, as the surgical product maker’s first debt sale since 2015 pulled in bids nearly 5.4 times the 500 million-euro ($532 million) issue. Investors also clamored to buy Ryanair Holdings Plc’s first bonds since 2015, which it sold two days after reporting earnings.

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Read more ... source: The Bitcoin Channel

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