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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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Trickier structure draws in crowd starved of deals
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Deal pile up means days of 40bp tightening during bookbuilding could be over for now
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Volatile conditions and bigger deal sizes mean private lending is facing more risk than ever
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Sharp spread tightening still possible despite slew of trades lining up
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Average premium paid has steadily fallen since the start of the year
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Ellevio, Moller-Maersk and Metro latest to court fixed income investors