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Investors overlook short-term oil uncertainty in favour of a long-term view on the sector
International issuers look to Swissies for diversification, even if costs are higher
Issuers leave concessions on the table as investors look more closely at individual names
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◆ E.ON prints €1.3bn across five and 10 year ◆ EWE and Stedin tighten hard on single tranche deals ◆ Green format keeps order books sticky
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Leopard tank manufacturer to tap market interest for defence deals
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◆ Fourth Reverse Yankee hybrid in euros this year ◆ US utility tightens hard on strong demand ◆ American Tower clears €750m trade with little concession
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◆ Deal prices close to fair value ◆ Retail denoms keep curve tight ◆ Heidelberg takes €1.5bn with dual tranche trade
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◆ Italian utility prints four and seven year bonds ◆ Shorter leg pulls in stronger demand ◆ Both tranches grow in size as pricing tightens
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