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Offshore issuance in the currency running at nearly double last year’s pace
Musk's firm joins bumper dollar club and bankers hope other markets could follow
Growing investor base fuels record year for corporate Kangaroos
◆ Pair more than 3.5 times covered at final terms ◆ Suez lands flat, Air France pays up ◆ Airline paper performs in secondary
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This week saw a 79% drop in euro volumes from same time last year -
◆ Water company tests demand in a troubled sector ◆ Deal size increased to £450m ◆ Spread tightened 15bp inside the tight end of initial thoughts
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◆ Book order peaks at more than four times subscribed ◆ Negative new issue premium ◆ Amount raised to refinance €1.1bn of debt
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◆ Summer trade rewarded peak orders of five times deal size ◆ Deal lands through fair value at 33bp over mid-swaps ◆ Euro IG credit spreads reach new tights
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Company looking to become a frequent face Down Under
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Meanwhile, corporate issuers pile in after Roche deal
