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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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Even the highest rated corporate borrowers are able to bring spreads in by leaps during bookbuilding in scorching market
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Some investors and issuers complaining about pricing starting so wide… but it’s working
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US companies slash spreads as good mood in euros persists
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Push for long end debt appears to be dwindling
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Blowout bonds and performance in secondary gloss over the fundamental problems the sector still faces
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Huge leap as investors snap up real estate credit again