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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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Deals dry up as IG corporates have slowest Monday in a month
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Investors face taking on loss sharing, changing the fundamental nature of sukuk
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Auto manufacturer's euro curve widens up to 11bp after it slashes estimated AOI margin
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Tech firm to repay part of WMWare financing after biding its time
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Helping UniCredit build its stake in Commerzbank is a coup for Barclays, as it tries to climb in investment banking under new leaders
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Some see order book attrition as a red flag but others argue it's healthy
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