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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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Corporate debt catching retail buyers’ eyes again after yields rise
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Huge bid for Anglian's long tranche, Aster housing association has harder time
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Issuers add another €2.4bn to huge total for sector after frenetic issuance
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Telecoms company and property firm Aster are preparing trades in sterling market