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◆ E.ON prints €1.3bn across five and 10 year ◆ EWE and Stedin tighten hard on single tranche deals ◆ Green format keeps order books sticky
Leopard tank manufacturer to tap market interest for defence deals
◆ Fourth Reverse Yankee hybrid in euros this year ◆ US utility tightens hard on strong demand ◆ American Tower clears €750m trade with little concession
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Busy spring expected to suck volume from September window -
◆ More esoteric corporates head to euros ◆ London Power Networks makes euro debut ◆ Lagardère garners average demand despite eye-catching spread
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◆ Philip Morris flattens short end curve by 7bp ◆ EssilorLuxottica lands with single digit concession ◆ Wesfarmers increases deal size
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Embattled water utility was recently found accountable for breaches in wastewater operations and dividend payments
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◆ Both borrowers comfortably oversubscribed ◆ Deals tightened above the 37bp average ◆ Little fatigue seen after a bumper May
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June could be very busy as borrowers come early to exploit good conditions
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