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High grade and crossover bonds

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◆ Cosmetics giant's second jumbo euro deal of 2026 ◆ Pricing hits 'bottom' of expected range ◆ Issuer takes funding window ahead of French budget
◆ ESB returns after three years with debut EuGB ◆ Ericsson draws bigger book with wider spread and shorter duration ◆ Both companies pay small NIPs
◆ Crossover credit sells second senior SLB of 2026 ◆ Deal lands tight to secondaries and peers ◆ Proceeds to refinance 2028 convertible maturity
◆ French corporates are the biggest euro borrowers as crucial budget approaches ◆ Danone includes floating tranche for second outing of 2026 ◆ Fixed-rate notes require concessions
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