THE US corporate bond market began 1999 where it left off in 1998, with a positive tone in credit markets and strong demand from investors enabling a wide variety of issuers to raise debt. Helped by the positive reception to global dollar offerings from Fannie Mae ($4bn), Ford ($2.3bn, upped from $1.5bn) and GMAC ($2bn), the pace of activity in the new issue market started to quicken as the week drew on.
January 08, 1999