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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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A handful of small names tapped the US primary corporate dollar market this week as the summer holiday period finally slowed August’s frenetic pace of issuance.
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The account of the European Central Bank’s July 21 governing council monetary policy meeting, released on Thursday, did little to discredit the view that its corporate sector purchase programme (CSPP) will last beyond March 2017.
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European high yield bonds and leveraged loans have maintained interest this week for investors, despite a lack of deals, as other parts of the corporate market have finally been lulled to summer slumber.
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State-owned Indian Railway Finance Corp (IRFC) is steaming ahead with plans to issue its maiden offshore rupee-denominated bond in late September.
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With most European markets in summer slowdown mode, UK-headquartered hotelier Intercontinental Hotels tapped the sterling market on Tuesday for a £350m bond.