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◆ Demand peaks at 3.3 times the deal size ◆ Spread tightened by 30bp ◆ Final deal size at the upper end of expectations
◆ 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
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Borrower draws ample demand as issuance volumes slow -
Deals dry up as IG corporates have slowest Monday in a month
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Auto manufacturer's euro curve widens up to 11bp after it slashes estimated AOI margin
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Some see order book attrition as a red flag but others argue it's healthy
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Borrowers should show more discipline if they don’t want to risk undermining all the investor work they have done
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French real estate developer is on BBB- with a negative outlook
