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Concessions climb as Middle East war rocks sentiment and Amazon redefines clearing levels
◆ Deutsche Post delivers €1.25bn over two tranches ◆ Some premium needed for defensive deal ◆ Deutsche Börse gets Monday's largest book
◆ 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
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◆ Attractive yields allow for tight spreads in sterling ◆ Manchester Airport flies in with £300m long 10 year ◆ Further sterling supply could follow
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◆ Autos keep piling into the short end ◆ Issuer skips guidance on huge demand ◆ Deal lands through fair value
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◆ Deal smashes through previous record ◆ Longer tenor helps compress the spread ◆ Strong demand buoys hybrid market
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◆ Belgian investment firm returns after two-year absence ◆ Strong 10 year point draws hefty demand for extra spread ◆ Orderbook attrition stays low
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Hounding the Fed does not make the US bond market more attractive
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◆ Trade achieves strong tightening ◆ Proceeds to increase volume of Heimstaden Bostad's hybrid stack ◆ Stedin readies green 10 year perp