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Investment grade companies demonstrated just how much liquidity was sloshing around in the euro, dollar, sterling and Swiss franc markets with a string of large deals. But these bonds did not just stand out for the amount issued. Rather, they showed that there is not always a trade-off to be made between size and price
Aroundtown and Toyota tap private markets as public supply winds down
Volumes rose 6% year on year
Heavy euro and sterling flows meet firm demand, but costs are higher for issuers
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Flurry of deals in euros with more to come as Monday supply already beats last week’s total volume
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Financial markets worried about spillover from Thames Water being junked to rest of the sector
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The regional water companies are way riskier than they’re being given credit for
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Boon for UK water issuers as Thames woes look contained
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Sell-off in US tech stocks hits markets far and wide
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Issuer loses pricing momentum after 15bp-20bp of initial tightening as peer Thames Water junked