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◆ Royal Mail owner prints across four and seven year bonds ◆ Shorter tranche draws stronger demand and larger size ◆ Premiums required as investors grow more cautious
◆ Scottish Hydro tests long-dated sterling demand ◆ Tight pricing limits further tightening from guidance ◆ Cadent extends its euro curve with 10 year trade
◆ 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
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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
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Adidas and Thermo Fisher both see stronger demand for longer maturities