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Returnee lands through fair value on currency diversification drive
Issuance will be lower in June as yields rise
Issuers encouraged to squeeze into bond market before mid-June by-election
Data
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◆ Italian utility prints no-grow €500m six year ◆ Final demand fell 41.7% from peak ◆ Deal landed close to fair value -
◆ UK telecom sells eight year bond ◆ Peak demand tops over €3.4bn ◆ More corporate issuers piling up euro deals this week
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May has been busy for euro corporate bond issuers
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Investors overlook short-term oil uncertainty in favour of a long-term view on the sector
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International issuers look to Swissies for diversification, even if costs are higher
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Issuers leave concessions on the table as investors look more closely at individual names
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