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Only two companies brought dollar bonds in short week
Bulge bracket firms are hiring from each other in a war for talent to woo financial sponsors
Second busiest week of the year but some see signs that investors are losing interest in new paper
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Flooring company's bespoke 'super senior funding' was done away from the syndicated loan market -
◆ Bromford Flagship gets big response ◆ Gilts market goes haywire as bookbuilding ends ◆ Borrower walks away with four times oversubscription
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◆ French company out for four and 20 year bonds ◆ High demand split evenly between them ◆ Both tranches tighten by 42bp during bookbuilding
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The industry’s obsession with appointing co-heads plays into its reputation for competition rather than cooperation
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◆ UK telecom out in sterling and euro ◆ Undersupplied sterling still draws big crowds ◆ Volumes tipped to nosedive from midweek
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Swiss bank is only the second institution globally to use the instrument
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