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◆ Japanese financial services group's UK arm prints three year bond ◆ Orderbook falls as issuer prices 'very tightly' ◆ Week front-loaded ahead of ECB meeting
◆ Only euro IG corporate deal on Monday ◆ Issuer slashes the spread and increases size ◆ Single digit concession spotted
High yields are keeping investors interested for now
Spreads widen after string of surprise jumbo tech trades
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Korea Railroad Corp turned west on Monday, marketing a six year bond to Swiss investors.
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Long-dated dollar bonds issued by Indonesian companies have been taking a beating in the secondary market, with the country's high yield sector also expected to suffer from the negative impact of an ongoing trade war between two of the world's biggest economies.
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Schlesinger leaves Santander – New responsibilities for Ross – Soc Gen shuffles markets top brass
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With South Korea and the Philippines heading to euros for new bond transactions, more issuers from Asia should take courage and consider funding in the needlessly neglected currency.
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Tencent Holdings has seen an impressive rally in the secondary market for its recently issued dollar bonds, a reflection of strong investor appetite for investment grade supply amid underwhelming issuance volumes in 2019.
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UK security and outsourcing company G4S has sold roughly $350m of US private placements with seven and 10 year maturities, as the market shows it still has an appetite for UK support services.