US DOLLARS

摘要

Investment-grade supply is expected to slow ahead of the July 4 holiday after US$18.5bn of new issuance last week. More than than half of that came from just one deal: HJ Heinz's US$10bn jumbo. Volume forecasts for this week are in the region of US$10bn-$15bn, and much of that is likely to be frontloaded ahead of the holiday, and US payrolls on Thursday. There are plenty of deals in the pipeline, however, including M&A financings for companies such as imperial tobacco and cvs health corporation, and they may face conditions choppier than those enjoyed by issuers for the majority of this year.