New issue names widen

By Sohko Fujimoto

Tuesday, March 03, 2009

Market sources quote new bond prices widening by 40-80 points since their issuance last week.

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

Comment by: Anonymous. Posted 15 years ago [2009-03-03 17:14:11]

Ok, so everyone loves corporate credit, new issues are cheap! or are they? Let's see, the dealers underwrite billions and billions and make fees at 25bps behind secondary spreads, quote the new issue tighter to make investors feel good, but good luck getting out of your position when there are fewer and fewer secondary bids at $10mm bonds at a clip. Net net, good risk free fees for the underwriters, investors duped again....

CLOs

more stories...