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◆ Deal only the second ever Kangaroo hybrid ◆ Concession offered on all three tranches ◆ Verizon increasingly looking abroad for hybrid funding
◆ Corporate bond market fizzes with multi-tranche, multi-currency deals ◆ Marketing helps spur strong outcome ◆ Proceeds to fund coffee subsidiary spin-off
Issuers shrug off geopolitical volatility to push through slew of multi-tranche trades
Investors more than willing to spread the love to other issuers despite hyperscaler's vast bond sale
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◆ €14.5bn deal largest ever from a corporate in the currency ◆ Investors pledge strong demand for all eight tranches ◆ Some pickup paid over Alphabet
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◆ Fast food firm leaves nothing on the table ◆ Trade extends McDonald's euro curve ◆ Reverse Yankees dominate euro IG corporate flow
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Prime week for euro funding as four issuers line up 16 tranches
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Recent issues have fared better as underlying rates vol drives yields higher
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Thursday day saw a deluge of dollar funding supply led by US oilfield services firm Baker Hughes
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Leverage from Warner Bros purchase could make return to investment grade a mission impossible