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Volumes rose 6% year on year
Heavy euro and sterling flows meet firm demand, but costs are higher for issuers
Post-Budget window lures sterling issuers while January pipeline swells for a busy start to 2026
◆ Aroundtown returns with first deal since 2019 ◆ LondonMetric makes debut ◆ Busiest December for sterling issuance in more than a decade
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Moody's and S&P have also cut the UK water utility's ratings -
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
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South East Water now balanced one notch above junk status
