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Hyperscaler funding needs could drive the next wave of US supply in euros
Cooler reception suggest AI capex hype is shrinking
The novelty of these jumbo deals could wane as hyperscalers repeatedly hit the market
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Upheaval in US-Europe relationship could reshape the M&A landscape
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Huge potential for tech to make nature more investable
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◆ A3 rated name opens wider than BBB euro debutant Galderma ◆ Rewarded with big, sticky book ◆ Attrition still clear in other trades
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◆ Borrowers pile into the market…◆ …but almost all only for small benchmark sizes ◆ Concessions still small as high demand battles low supply
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WFE study finds average gap of 2.5 years between carbon removal and credit issuance
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◆ Deal starved sterling investors pile into Wessex Water ◆ Final demand of £2.45bn ◆ First sterling deal this year from UK wastewater
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