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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
Data
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Hybrid deals remain challenging sale for issuers
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Cable company goes big on short tranche in M&A related trade
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Long maturities continue to attract healthy oversubscriptions, but some investors don't see their value
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Moody's and S&P have also cut the UK water utility's ratings
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Toll road company tightens 50bp and sees ample demand
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