Blue-chip companies are expected to storm primary markets next week before sales taper in a typical December lull even as investors focus on a new coronavirus variant that sparked a global rout on Friday.
Wall Street syndicate desks are projecting about $35 billion of new investment-grade issuance next week and approximately $55 billion for December. Corporate credit joined the global markets selloff on Friday, with cruise lines, car renters and movie theaters bearing the brunt as virus mutation fears zoomed into focus.
High-Grade Bond Issuers Line Up $35 Billion as Virus Fears Flare - Bloomberg
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