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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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Sentiment rocked as another regional US bank comes under pressure
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Australia Pacific Airports (Melbourne) returns to euros after a nine year break
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US company mandates for dual tranche bond amid eye-popping spreads for short euro bonds
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Public holidays and central bank meetings stop the market from building up steam
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Danish issuer waited all week for the right window
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US companies expected to try and capture same magic that saw P&G land at record inside mid-swaps