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Universal Music, Alstom and Sanctuary Group among those lining up euro and sterling trades
Increased investor interest in utilities hybrids could bring down subordination premium, says SSE treasurer
◆ Book shrinks as deal pushes tight ◆ Proceeds could refi upcoming call ◆ Senior retail denoms make defining a senior/sub spread tricky
French utilities firm to jump into Aussie dollars with hybrid and senior bonds
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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
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Other incoming new issues include a niche social bond in sterling
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Merck and BMW print €3.3bn ahead of the autumn rush