Daimler accelerates reverse enquiry
On Tuesday, German car manufacturer Daimler converted a couple of reverse enquiries into an order book of around €600m, as investors showed renewed appetite for short dated fixed rate corporate bonds.
UniCredit was the sole lead manager who received the initial investor enquiries, as investors said they had bought enough floating rate notes recently, so wanted to buy fixed rate bonds again.
A syndicate banker at UniCredit said the switch in demand was driven by the recent move
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