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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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Swedish truck maker thunders through dead market with more than six times oversubscription
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Cash prices of corporate debt recover from June lows, as investors move money into high grade risk
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Bondholders shrug on CMA-appeasing sale, but analysts say it will bolster Veolia’s credit metrics
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High grade euro corporate bond sales nosedived by 73% last month compared with a year ago
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Central bank says it will reveal more about £20bn sell-off on August 18
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London’s syndicate desks say dollar market is too strong for US borrowers to bother with euros