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◆ Bureau Veritas tests eight year euro demand ◆ Deal lands tight with slim concession ◆ Book attrition no concern
◆ Irish cladding company returns after 2024 debut ◆ Strong demand drives sharp tightening on both tranches ◆ Four year leg outperforms seven year on orders
◆ Minimal concessions paid ◆ Books peak high before shrinking ◆ Final demand in line with recent trades
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Company's debt woes has seen its credit rating cut another notch
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Investors' wariness around high beta credits is not showing in the primary market
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Average new issue concessions a fraction of what they were a year ago despite almost double the volume being priced
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Creditors can and will be bumped down the pecking order at the time when it matters most
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New role was created by reorganisation in spring
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Changes follow arrivals of Raghavan and Mangla from JP Morgan
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