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Government restart cheers market on Thursday
Rocketing AI infrastructure spend set to drive more US tech giants to Europe for funding
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◆ Proceeds to finance Kering Beauté buy ◆ Triple tranche trade lands at tight spreads ◆ Acquisition clause included -
◆ Borrower prices inside fair value ◆ Sub/senior spread less than 100bp ◆ Issuer accelerates funding to take advantage of good window
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◆ Buyers flock to water credits ◆ Dual-trancher lands at the tight end of guidance ◆ Books hold at £3.1bn at final terms
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The company is by far the most prolific issuer of hybrids in the Gulf
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Barclays has poached the co-head of BNP Paribas’s team
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As thrilling as last week's Reverse Yankee-led corporate bond fest in Europe may have been, it did not confirm the market has matured to its magnificent final form
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