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◆ Aerospace firm ends near six year euro market absence ◆ Books soar for seven year deal ◆ Trade lands close to fair value
◆ Schaeffler attracts €5.8bn peak book… ◆ …while SPIE finds €2.8bn of orders ◆ Strong demand allows for strong price moves
◆ Issuer punches through 200bp ◆ Some concession still needed ◆ First domestic sterling deal in almost two weeks
◆ Fourth largest deal from any corporate in euros ◆ Concession needed to lock in size ◆ Marketed alongside debut Canadian dollar trade
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◆ Housing association prints 15 year sustainable bond ◆ Low single digit new issue concession paid ◆ Long end Gilt market yields hit multi-decade high
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◆ Company brings rare hybrid from chemicals sector ◆ Peak demand over six times the deal size ◆ Bid for corporate hybrids remains strong
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◆ Flow picks up in undersupplied currency ◆ Deals get decent support ◆ More sterling issues to come
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◆ French issuer sells hybrid and two year floater ◆ Peak orders for hybrid more than eight times deal size ◆ FRN prices inside fair value
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International borrowers back in Swiss francs as long tenors find traction
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Corporates could trade through OATs as September 8 snap vote nears