BNP Paribas
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Three new banks join, one drops out
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The Indonesian oil and gas company has turned to the loan market once again
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Spanish and French agencies also took advantage of a narrow pricing window
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New hires from Stifel, JP Morgan will cover sovereign credit
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The French agency was last seen in the market just a month ago
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High ratings and market-friendly maturities give bond issuers smooth ride
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Investors demand high concession for low rated, cyclical, energy-hungry industry
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Bulging books for some, but Grenke is forced to postpone its trade after opening books
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Both issuers built books that were less than 1.5 times covered
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The pair raised €8.5bn combined despite the EU draining €12bn from the market the previous day
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Aftershock of Tuesday’s CPI print still roiling markets but both issuers succeed
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Deal was launched before US August inflation rattled markets