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Proceeds earmarked to refinance upcoming maturity
◆ Strong demand for first sterling bond under Andy Burnham's government ◆ Deal navigates market vol ◆ Concession small, but investors attracted to spread
◆ French real estate group prints seven year bond ◆ Covivio skips guidance and tightens spread sharply ◆ Investor selectivity returns as orders fall
Bifurcation is emerging in how investors treat the hyperscalers
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The dollar market continued to churn out jumbo deals this week as borrowers shrugged off volatility to secure strong order books and healthy new issue premiums.
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Austrian gaming company Novomatic joined a surge of issuance this Tuesday as it issued a €500m no-grow bond that pulled in interest from across Europe.