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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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◆ US telecom prints long seven and 12 year bonds ◆ Deal upsizes to €2bn ◆ Spreads on both legs tighten by 38bp
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◆ Final order peaks at 8.6 times subscribed ◆ Spread tightens by 38bp from initial thoughts ◆ Investors flush with cash chase limited supply
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◆ Demand drops by half during book building ◆ Final spread tightened by 45bp ◆ Deal lands through fair value
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◆ Order book lifts size to €600m ◆ Deal lands flat to fair value ◆ US credits enjoy brisk summer sales in Europe
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Issuers pile in to market near multi-year tights
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Lull in issuance imminent but searing hot market could entice more borrowers before party ends