‘Scary’ market keeps companies away

June 30, 2010 12:00 AM

Corporate bond issuers beat a hasty retreat this week as further volatility created what one banker called a “scary market backdrop”. This left Veolia Environnement, a French environmental services group, as the only borrower pressing ahead with a sizeable euro bond, on the back of a liability management exercise. The deal is set to price on Thursday. In sterling, the Notting Hill Housing Trust is due to keep the market ticking over with an issue on Wednesday. But with issuance forecasts for the full year already cut, is Europe’s corporate bond market heading for an early summer slowdown? Find out in EuroWeek on Friday.

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