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The US tech giant kickstarted what could be a deluge of debt issuance from the largest US tech firms
◆ Junior note lands tight to Class As ◆ No concession needed ◆ Lack of sterling supply allows for tight pricing
◆ Peak book the largest for an IG corporate in sterling since early November ◆ Issuer takes size at a tight spread ◆ Wide range of fair values spotted
◆ Spanish entity hits market with tight, opportunistic trade ◆ Some attrition as deal priced through inflection point ◆ Trade lands through fair value
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Central bank does as expected amid corporate bond demand that outstrips supply
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Informa, Würth, Royal FrieslandCampina and Shurgard slot into day of lesser followed names
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Combination of market factors drive money into pair of seven year deals
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Acquisitive Informa, TDF Infra and Würth join the ranks looking for funding
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Shopping mall company received a blowout response to its £400m bond last week and good take-up of a tender offer
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US election and earnings blackouts slam breaks on busy year