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Bankers expect more currency diversification but the biggest wave of isusance may still be to come
◆ UK utility follows Canadian dollar deal with Swiss debut ◆ Deal offers savings versus euros ◆ Investor limits leave no room for further tightening
Bankers expect some supply next week before a proper reopening beginning August 24
UK utility eyes five or 10 year green notes in Aussie dollars
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◆ Investos flock to RELX despite AI noise ◆ Demand allows for low single digit NIP ◆ Sticky books for Smith & Nephew -
May has been busy for euro corporate bond issuers
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Investors overlook short-term oil uncertainty in favour of a long-term view on the sector
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Issuers leave concessions on the table as investors look more closely at individual names
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Merck & Co and Ecolab Inc raised a combined $11bn as they took advantage of strong investor demand and tight spreads
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◆ Defence firm's first deal in 16 years could entice more to follow ◆ Strong bid fuels price move ◆ Hedge fund demand debated
