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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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Gas distribution company brings first IG corporate deal since Easter break
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Another day of empty screens has put the power in corporate issuers’ hands
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Australian company readies euro bond with flurry of trades expected to follow
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Corporate deals have bounced back from banking stress, inviting further issuance
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Good times for corporates have a deadline, but for now they are in favour
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A satisfying week of secondary performance will let issuers put the screws on investors