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High grade and crossover bonds

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Issuers paid higher new issue concessions this week as investors turned more selective
Record tight sub/senior spreads could lure US corporates to issue euro hybrids
◆ Deal ASTM's first in euros since 2021◆ Strong demand allows for tight pricing ◆ IG corporate volumes healthy despite market noise
◆ Italian masts company increases seven year deal ◆ Orders sticky during bookbuild ◆ Low single digit premium
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