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High grade and crossover bonds

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◆ Heathrow and ADP offer concessions for longer dated trades ◆ Investors 'more selective' and 'want to be compensated' past 7 years, says banker ◆ Avinor's state-owned status helps it land through fair value
◆ No bitter unrated taste as book grows throughout pricing ◆ Investors keen for household unrated names ◆ Price discovery needed
◆ Stellantis sees stronger demand for shorter leg of €1.25bn dual trancher ◆ RCI Banque prices €750m 5.2 year tightly ◆ Ford finds demand in short end sterling
◆ Big move for AkzoNobel, three months after last trade struggled ◆ Orders peak near nine times the deal size ◆ Deal comes through fair value
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  • German car maker Daimler is planning to return to China’s onshore Panda bond market with a private placement offering in the interbank bond market, several sources familiar to the deal have told GlobalRMB.
  • Anheuser-Busch InBev took Europe’s rocking corporate bond market to another level on Wednesday, as the Belgium headquartered brewer raised the largest ever euro-denominated corporate bond.
  • The investment grade corporate bond market has been on a wild ride since European Central Bank president, Mario Draghi announced that he would add euro-denominated corporate bonds to the bank's asset purchase programme on Thursday.
  • Malaysian telecommunications group Axiata extended its credit curve this week, raising $500m from a 10 year wakala sukuk.
  • South Korea’s Kia Motors Corp is finally looking to make a comeback to the dollar bond market after an absence of five years and has mandated banks to prepare a proposed 144A outing.
  • Deals came thick and fast in Europe’s investment grade corporate bond market on Tuesday, but euphoria from the European Central Bank’s surprise decision to start buying the bonds does not mean investors are buying indiscriminately. Transurban Queensland had to pull a bond and some secondary spreads are widening.