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National Grid, NatWest and Roche lead a broad mix of issuers this week
Bankers expect more currency diversification but the biggest wave of isusance may still be to come
◆ UK utility follows Canadian dollar deal with Swiss debut ◆ Deal offers savings versus euros ◆ Investor limits leave no room for further tightening
Bankers expect some supply next week before a proper reopening beginning August 24
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◆ Investors gulp down Heineken's second euro deal in two months ◆ Slim premiums needed ◆ Books fall as LSEG and OMV price tight -
Issuers are keen to lock in tighter levels before chancellor Rachel Reeves' big announcement
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◆ Popular Adidas more than four times covered at peak ◆ Investors leap at rare deal ◆ Tight top quality credits used for pricing
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◆ Spanish firm first to pair novel EuGB label with a hybrid format ◆ Trade lands far through fair value ◆ Joint largest book this year so far in euros
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◆ Juventus' majority owner attracts €3.25bn peak book ◆ Price discovery needed for rare name ◆ Range of fair values suggested
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◆ No competition from similar Contact Energy ◆ Stedin seals larger than average spread move ◆ Investors left book as price ground tighter
