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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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Wendel’s success this week could tempt others to seize the window
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Wendel’s trade stands alone this week while European names look for funding in US
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Deutsche Bahn’s double notch upgrade hints at a tough time ahead for buyers
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◆ Wendel’s decision to refinance bonds early pays off for company ◆ Demand for €500m trade hits €3.1bn ◆ Spread thunders in by 38bp during bookbuilding
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Borrower refinancing 2027s to take advantage of lack of competition in bond market
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UK water companies rally as Cunliffe review promises seismic change