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◆ Google parent prints largest ever corp deal in Australian dollars ◆ Investors queue up with monster orderbook ◆ Issuer pays modest concession to its dollar curve
◆ Infrequent issuer stretches euro curve by a year ◆ Order book barely budges through final pricing ◆ Bankers see high single digit new issue premium
◆ German firm ends seven year sterling absence ◆ Slim concession paid ◆ Deal tightly priced compared to euros
Google parent eyes four-part Aussie dollar debut
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Already more big deals than last year, but numbers pale against recent averages
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Issuance just shy at this point of most recent year with more than €320bn in bond sales
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A more benign backdrop tipped to entice riskier credits into trades
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Central banks play nice but a reckoning is coming for corporate spreads
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Public Storage pays just a handful of basis points, while Amex coughs up more
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Clear but non-traditional window opens after central banks stick to plan