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◆ Double-B French telecoms brings IG-style execution ◆ Demand peaks over €2bn ◆ Pipeline looks thin as uncertainty over Middle East conflict looms
Higher rates a stumbling block for issuers that could overshadow strong demand
Deep, liquid US market offers issuers size, attractive cost and investor diversification
Data
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The good times don’t last and when they end, it's vicious -
Bank is substantial player in European ECM and M&A, though not in inner bulge bracket
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Investors show they can differentiate between credits in troubled UK water sector
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Big books are on display in undersupplied sterling market
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Water utility brings first deal since rules governing its sector were updated and Panorama allegations
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Average concession rises above zero but remains well below 2024's mean
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