Owen Wild is Deputy Editor of International Financing Review based in London. He joined IFR in 2004 as a reporter and has since worked across Equities, Structured Equity and Derivatives sections as both reporter and editor. Prior to becoming deputy editor in 2010, he had global responsibility for IFR’s ECM coverage. Before joining IFR, Owen covered foreign exchange markets. Follow Owen on Twitter @IFR_Owen
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A new sterling offer from J Sainsbury brought the corporate hybrid market back to life on Thursday, after a combination of interest-rate and Greece-related volatility put a swift halt on new supply in recent months.
While the bond markets have not been entirely closed by events in Greece, there has been precious little new issuance in spite of a pipeline that has been continuing to grow.
The Greek debt crisis has hit European ECM like a truck this morning, after a period where primary issuance had been remarkably insulated from events in Southern Europe.