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◆ Reoffer yield second lowest of the year ◆ Euro hybrid yields tear tighter ◆ Proceeds to refinance upcoming maturity
◆ Borrower prices inside fair value ◆ Sub/senior spread less than 100bp ◆ Issuer accelerates funding to take advantage of good window
The company is by far the most prolific issuer of hybrids in the Gulf
As thrilling as last week's Reverse Yankee-led corporate bond fest in Europe may have been, it did not confirm the market has matured to its magnificent final form
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Investors react calmly to new hybrid ranking higher than old ones
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Four hybrids draw attention from rampant subordinated FIG market
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No let-up in demand as the third week of high issuance activity gets underway
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Borrowers try to slide in before ECB meets on Thursday
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Borrowers fill screens on Thursday after poor market open a day earlier kept issuers away
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Hybrid from Snam and sustainability from Welsh Water