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AT&T’s 19 year bond found buyers this week, but rate uncertainty and a flatter euro curve have dampened investor demand for duration
August forecast to be a strong month for corporate dollar supply
Stable backdrop, steady rates and strong demand give issuers reasons to move before the post-summer rush, bankers said
◆ Telco takes size in euros and duration in sterling ◆ Elevated premiums paid at the long end ◆ Sterling tranche AT&T's first since 2018
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China’s struggling property sector got a much needed boost this week after the Chinese authorities introduced a new set of supportive measures. The new rules will not be a quick fix to the real estate industry’s problems, but they have prompted renewed interest in its bonds, writes Rev Hui.
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Telstra lifted the mood with a tightly priced dollar trade that suggested the poor market conditions of the previous week were abating.
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France's Veolia Environnement has issued a 12.8 year bond as part of a liability management exercise.
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Scentre, the Australian company that owns and operates the Westfield shopping centres in Australia and New Zealand, has issued a £400m seven year bond.
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French aerospace company Safran has postponed a planned bond issue despite having completed a roadshow.
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Royal DSM, the Dutch chemical company, has issued a €500m 10 year bond.