Volkswagen €1.5bn benchmark bond cheers corporate market

Volkswagen (VW), the German carmaker, attracted strong pan-European demand for its second benchmark bond of the year, fuelling hopes of a recovery in European corporate bond issuance.

The €1.5bn ($1.47bn) transaction, which was led by Barclays Capital, Commerzbank and SG, is seen by many as a litmus test of sentiment in the corporate bond market, which has been plagued by accounting scandals and credit quality fears in 2002.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It