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◆ German utilities taps improving bond market ◆ Demand holds firm across six and 11 year tranches ◆ Fair value debated
◆ Pair of real estate borrowers print four euro tranches ◆ Vonovia draws strongest demand on shortest leg of €2bn three-part trade ◆ Realty Income pays small concession on €600m outing
Outstanding corporate funding chief at BP for 25 years, whom other treasurers turned to for advice
Offshore issuance in the currency running at nearly double last year’s pace
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Bigger book for senior tranche of debut, but borrower manages to increase size of deal
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Twenty year tranche well received, but triple trancher's shortest end tightens the most
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Snam, Worldline and Gelf ready deals as European IG corporate market surprises with busy activity
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M&A refinancing wins more than €11bn of orders and tightens by 50bp
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South East Water now balanced one notch above junk status
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Big order books and political changes to come raise chance of opportunistic issuance continuing deep into end of year