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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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◆ German chemical company prints six year bond ◆ Demand peaks at six times covered ◆ Spread slashed by 38bp from initial thoughts
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◆ French property developer sells 12 year green bond ◆ Final spread cut by 37bp ◆ Book stays sticky through bookbuilding
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◆ Amprion deal lands through fair value ◆ Redeia sells €500m six year green bond ◆ ArcelorMittal increases size and tightens spread for €650m five year print
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UK issuer to return to high grade corporate bond market with a long-dated bond
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Corporate deals start piling up after a sleepy summer reopening
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◆ French issuer prints two year floater and three, six and nine year bonds ◆ Deal increased by €750m ◆ Longer tenors find sweeter demand