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◆ First euro bond for NextEra ◆ Spreads tightened on both tranches ◆ Hybrid supply in euros doubles year-on-year
◆ US telecom launches dual currency debut ◆ Largest hybrids in both currencies since 2020 ◆ Sub/senior spread remains narrow
◆ Spanish firm first to pair novel EuGB label with a hybrid format ◆ Trade lands far through fair value ◆ Joint largest book this year so far in euros
◆ Peak demand tops €2.4bn ◆ Spread tightened sharply from IPTs ◆ Spread to senior paper higher than recent deals
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Hybrids are growing in the US after Moody's criteria change
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Deal subscription levels shoot up as volume collapses, data shows
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Heimstaden's €500m hybrid draws curtain on capital market drama for property companies
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Even those that have not issued early should benefit from the quick movers
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Swedish real estate name offers big pick-up to senior in a way few recent hybrids have
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Swedish company adds to spate of subordinated corporate debt sales this month