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◆ Deal attracts highest bid-to-cover ratio of the year so far ◆ Extensive marketing helps fuel demand ◆ Pinpointing fair value tricky
◆ First Reverse Yankee hybrid of 2026 ◆ €7bn peak book for euro tranche ◆ US issuers increase European market presence
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Stack of deals come in three days but spreads widen
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CA CIB has grown market share in France but its strategy requires keeping its global reach
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Even the worst scenario of disorderly change would be a boon
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Oil producers hinder progress, rich countries reluctant to pay
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Hybrids find it hard to consistently hit the target as senior/subordinated spread shrinks
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Sectors in peril while others restructure debt — welcome to the new normal
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