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New record low spread gap between senior and hybrid bonds
The US tech giant kickstarted what could be a deluge of debt issuance from the largest US tech firms
◆ Junior note lands tight to Class As ◆ No concession needed ◆ Lack of sterling supply allows for tight pricing
◆ Peak book the largest for an IG corporate in sterling since early November ◆ Issuer takes size at a tight spread ◆ Wide range of fair values spotted
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Dispute over what widening says about beleaguered sector
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Tricky week for corporate borrowing sees surge of issuance before US CPI data
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Latest in long list of bankers at failed bank to find jobs elsewhere
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After ending a 14 year public absence from Swiss francs in June, Toyota has raced back for more
