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CREDIT DAYBOOK AMERICAS: More High-Grade Sales; Focus on Fed

Jan. 5, 2022, 12:32 PM

It should be another crowded day in the U.S. high-grade primary market after more than $23 billion priced Tuesday. Investors and corporate treasurers will be focused on the Federal Reserve’s December minutes later Wednesday as the market looks for clues on rate-hike timing.

  • At least four borrowers stood down yesterday amid competition for investors’ attention and will likely look again Wednesday, while five borrowers announced deals overnight
    • Thirteen issuers sold debt across 30 tranches Tuesday, the largest single day volume for U.S. high-grade corporate bonds since $27 billion priced in the first week of September
    • Blue-chip companies, which have been ...

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