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◆ German utilities taps improving bond market ◆ Demand holds firm across six and 11 year tranches ◆ Fair value debated
◆ Pair of real estate borrowers print four euro tranches ◆ Vonovia draws strongest demand on shortest leg of €2bn three-part trade ◆ Realty Income pays small concession on €600m outing
Outstanding corporate funding chief at BP for 25 years, whom other treasurers turned to for advice
Offshore issuance in the currency running at nearly double last year’s pace
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Deals waiting to be done but no one pulls trigger despite Fed meeting later this week
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Total for first half is more than all of 2023 inflows
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Second deal in as many weeks from water sector draws more than £1bn of orders
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Flurry of deals in euros with more to come as Monday supply already beats last week’s total volume
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Financial markets worried about spillover from Thames Water being junked to rest of the sector
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The regional water companies are way riskier than they’re being given credit for