French names reignite market

June 16, 2010 12:00 AM

Some of the biggest and more unusual French borrowers are giving Europe’s corporate bond market much-needed relief this week, with a stream of euro benchmark size deals — after only one such issue so far this month. RTE EDF Transport, to some a quasi-sovereign name, led the way, followed by Suez Environnement and RCI Banque. Few bankers predict a heavy flow of corporate transactions to follow, but a more consistent effusion is likely over the next couple of weeks. Read EuroWeek on Friday for more on whether the corporate bond market is back on track.

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