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◆ Telecoms firm takes €1bn across two legs ◆ No to negative premiums offered ◆ Real money sticks as fast money falls out
◆ Real estate firm takes £400m on second outing ◆ Single digit concession needed ◆ Elevated sterling yields putting off potential issuers
◆ Food group issues euros to finance dollar tender ◆ Low single digit concession offered ◆ Dairy firm Arla preps euro debut
Estonian sovereign outing its first under local law
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Deutsche Bahn’s negative yielding new issue this week brought Europe’s investment grade corporate bond market into unchartered territory. But while market participants predict more such deals, many are also calling a bubble in the asset class. Ross Lancaster reports.
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Comcast shone amid the corporate blackout with a $4.5bn M&A financing this week, as investors continued to show a strong appetite for high-grade paper despite a backup in rates.
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The green bond market is set for some new action with Link Real Estate Investment Trust kicking off a dollar transaction on Thursday.