Coronavirus Puts Europe’s Company Bond Market In Deep Freeze
- Only two new corporate deals are braving Europe’s debt market
- Week had been expected to see at over $22 billion in new sales
A health worker screens a passenger arriving from Italy at Debrecen International Airport, Hungary, on Feb. 24.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
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Global borrowers shunned Europe’s corporate debt market for a second day as a cluster of new coronavirus cases in Italy sent yields sharply higher, bringing sales of new bonds to a near standstill.