What to Watch in European Credit Markets This Week
- New roadshows suggest positive sentiment in primary market
- FOMC, Brexit, banks among issues to weigh on investors’ minds
Good morning. Here’s what we will be watching this week:
A brighter start to the week for bond buyers as companies announce new deals. It’s a more positive tone than the end of last week when ZF Friedrichshafen’s decided to postpone a bond sale. Friday was also the year’s 19th zero-deal day, rounding off a slow week. ICO, Allergan Plc, InterContinental Hotels Group Plc, Karbon Homes Ltd and OP Corporate Bank Plc are all due to start roadshows today, while Swedish real estate company Castellum AB has scheduled meetings for its debut euro-denominated bond tomorrow. In high-yield, a flurry of roadshows may distract the market from floor-covering seller Victoria Plc, which found itself last week trying to sell a bond amid a 35 percent drop in its shares.