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◆ First deal in sterling since UK budget ◆ Book falls as deal prices tighten ◆ More sterling supply expected before Christmas
Crédit Agricole and DekaBank take centre stage in Swissies as domestic names go quiet
Light opportunistic dusting expected, but prohibitive pricing to put off non-sterling funders
◆ Praemia refis at a tighter coupon ◆ Schneider lands tight at the short end ◆ Minimal concessions needed
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Long maturities continue to attract healthy oversubscriptions, but some investors don't see their value -
Moody's and S&P have also cut the UK water utility's ratings
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Bigger book for senior tranche of debut, but borrower manages to increase size of deal
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Twenty year tranche well received, but triple trancher's shortest end tightens the most
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Snam, Worldline and Gelf ready deals as European IG corporate market surprises with busy activity
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M&A refinancing wins more than €11bn of orders and tightens by 50bp
