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Life science, utilities and industrials dominate supply after big tech's big splurge
Fresh issuance expected to keep new issue premiums elevated
◆ Energy pair bring three tranches ◆ Sub-100bp senior/hybrid spreads secured ◆ Single digit concessions offered
Data
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Bumper September brings post 2020 peak
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Ratings and covenants begin to show strain of fire safety and insulation costs
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US election and earnings blackouts slam breaks on busy year
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Top tier real estate borrowers continue building on solid foundations in bond market
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Sterling the big winner year-on-year as US election volatility looms
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Borrower draws ample demand as issuance volumes slow
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