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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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South East Water now balanced one notch above junk status -
Big order books and political changes to come raise chance of opportunistic issuance continuing deep into end of year
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London's airport is the third foreign corporate to tap the Swiss market this week
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Banking borrower does not get same boisterous demand as other recent automotive deals
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Ratings downgrade follows S&P's, puts company on verge of technical default
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Billions fall out of Stellantis's book after tightening by 40bp during bookbuilding
