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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
◆ Spanish entity hits market with tight, opportunistic trade ◆ Some attrition as deal priced through inflection point ◆ Trade lands through fair value
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Demand proves solid even down the ratings spectrum
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Las Vegas resort and casino operator, owned by Malaysia’s Genting, seals $400m crossover bond on long-term investor support
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Non-Swiss banks have leapt up the league tables in the wake of Credit Suisse's collapse
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US issuer finds success in euros as Reverse Yankees bolster volumes
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Pipeline empties, but market participants say that’s no bad thing
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Both find warm response, despite coming straight after French holiday