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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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Stalwart issuer returns after nearly four year gap
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Borrower looks to have paid modest concessions after credit markets opened wider on Wednesday
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Hybrid from Snam and sustainability from Welsh Water
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Borrower buoyed by rarity and recent ratings upgrade in €650m trade
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Conflict of interest is early test for Deutsche Numis and illuminates nature of broking relationships
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