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◆ E.ON prints €1.3bn across five and 10 year ◆ EWE and Stedin tighten hard on single tranche deals ◆ Green format keeps order books sticky
Leopard tank manufacturer to tap market interest for defence deals
◆ Fourth Reverse Yankee hybrid in euros this year ◆ US utility tightens hard on strong demand ◆ American Tower clears €750m trade with little concession
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A Swiss borrower and Austria's Egger are in the market
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◆ German utility brings two tranches including green ◆ Orders prove more resilient in green tranche ◆ Both legs priced near fair value
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Banks accept some deals will bypass them — others they can intermediate
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◆ Hybrid books hold firm as senior sales shed ◆ Both tranches land far through fair value ◆ Telefónica achieves tight senior/sub spreads
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◆ Toyota MCC increases deal size ◆ ASF pays small concession ◆ Pair tighten more from IPTs than last year's average
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Borja Zamorano will lead efforts to expand corporate banking in EMEA
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