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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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◆ Thames Tideway Tunnel brings rare blue bond… ◆ …and a rare IG corporate sterling bond ◆ Deal lands with single digit concession
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◆ Snam prints debut European Green Bond ◆ Heimstaden Bostad brings its first green note ◆ Both deals attract big books at tight spreads
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◆ Hybrids and Reverse Yankees on offer ◆ Market waiting for Iran's response to US strikes ◆ New issue concessions still in single digits
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Companies jump in before Juneteenth holiday on Thursday
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Ignoring terrible news is the only way to act in this market
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Strong conditions and looming US tariff deadline set to lure more issuers next week