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◆ Siemens burst out of the gate with five tranches ◆ Rarely spotted floating rate note sees good demand ◆ More multi-tranche trades expected this week
Asset class war breaks out as FIG market complains Reverse Yankees are stealing investors away from their deals
Issuer takes size at a competitive price on first foray into Swiss francs
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Books modest but market still open after Trump assassination attempt -
Investors snap up fresh bonds as volumes tipped to fall to trickle
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Concerns rise that the barrier to re-entry is too high for other storied issuers
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Only companies with their backs against the wall will accept paying so much more spread than peers with similar ratings
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Investors say they want to be conservative on maturities as banks line up long dated deals
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Book sizes shrink but borrowers still able to eliminate new issue concessions
