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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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Uncertainty about the size of the impending rate cut made defensive maturities the 'right choice'
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Daimler Truck, APRR and Iren print as demand remains high despite volume
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Commercial property company notches straightforward trade to quieten corporate sterling naysayers
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Akzo Nobel, MTU Aero Engines and Yorkshire Water also on screens before expected slowdown
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All of Tuesday’s uncapped trades increase from their expected deal sizes
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In a world of abundant data, some companies are reading too much into one particular measure of bond execution success