Western Asset Global Corp Defined Opportunity FundNYSE
Jun. 23, 2015, 7:49 AM
- Thanks to Greece, there's been just €2.3B of new European corporate bond issuance over the past two week, says SocGen, a continuation of the lowest volumes since 2011. Prior to the bubbling up of Greek worry, European corporate bond issuance was €48B in the month ended in mid-March - the fastest pace for any four-week period since January 2009.
- The team at SocGen has "lost count" of the number of announcements for new bonds in recent weeks, and expects "a flood" of issuance once the Greek dam is removed.
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