Seven year Lufthansa keeps corporate issuance steady

Lufthansa is tapping the Eurobond market for the second time this year today, with a seven year benchmark at a guidance price of 350bp over mid-swaps. The deal is only the third in the market this week, following GSK on Monday and SES Global Americas Holding yesterday, and the drop in supply has meant that the sector has overcome worries about a lack of momentum from the last fortnight. To find out how all the deals in the market this week performed, read EuroWeek this Friday.