A trio of high-grade corporates sold jumbo deals in the euro market last week, taking advantage of still relatively tight spreads and low yields despite the sell-off in rates this year. Italian utility ENEL, German real estate developer VONOVIA and US/ Dutch coffee producer JDE PEET'S raised a combined €9.25bn with all three diving into the market ahead of last Thursday's much anticipated European Central Bank policy meeting, which turned out to be relatively benign for credit markets as the central bank held off making any announcement on reining in its emergency bond buying programme.
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