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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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Second half of 2024 is tipped to be a shadow of its busy first six months
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Both deals find ample support, even as Otto pulled its debut SLB
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Unrated German sub-benchmark deal proves a tough sell
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Small ambitions of Legrand, DSV and El Corte Inglés rewarded with chunky demand
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Some markets have shone, while others have been shuttered by political volatility
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Student accommodation provider takes a bumper book as investors ignore contagion risk