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Investment grade companies demonstrated just how much liquidity was sloshing around in the euro, dollar, sterling and Swiss franc markets with a string of large deals. But these bonds did not just stand out for the amount issued. Rather, they showed that there is not always a trade-off to be made between size and price
Aroundtown and Toyota tap private markets as public supply winds down
Volumes rose 6% year on year
Heavy euro and sterling flows meet firm demand, but costs are higher for issuers
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Corporate pipeline fills as firms look to print before Christmas
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Issuer's first euro benchmark more than four times subscribed
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Fair value continues its slip into meaninglessness as bankers say it is not anchored in reality
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Car maker opts for size over spread
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German borrower pays about 100bp more than same rated issuers in different sectors
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German issuer joined by Iberdrola, Traton and Vonovia in €4.6bn day