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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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Both find warm response, despite coming straight after French holiday
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Central bank money is gone and rising rates are hacking at corporate credit quality
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Issuers at either end of rating spectrum made to pay double digit premiums
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Issuer strikes lonely figure in Europe's high grade corporate bond market
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Already bruised sectors can expect more spread widening
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Bondholders are happier despite the utility not securing the £1bn it said it needs