Sub-investment grade market remains grounded despite Qantas takeoff
- Tuesday, 13 May 2014
The sale of Australia's first-ever wholesale sub-investment-grade bond issuance signifies a deepening market for a wider range of credits, says the deal's sole lead manager. Even so, and despite a 30-plus account book for the deal, market participants agree the single transaction is unlikely to yet signify a new trend for speculative-grade domestic corporate issuance.
