In the week that software supplier Oracle Corp announced its largest ever debt offering, there had already been $15 billion in new-issue supply. The investment-grade market is regularly bombarded with new issuance in January so underwriters had to line up the deal in expectation of an enormous calendar.
But prior to issue on January 10, the bulk of new industrial supply in January had been triple-B paper and the market was yet to see a benchmark credit with a single-A rating. This paved the way f
The week on Risk.net, July 7-13, 2018Receive this by email