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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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Diageo, Lufthansa, Repsol and Schneider Electric among issuers raising euro funds -
Caterpillar, National Grid North America sell bonds with minimal premiums
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BNP Paribas has appointed a new head of corporate broking while the co-head of Deutsche Numis’s London-based financial institutions group has stepped down amid a series of top level moves in UK investment banking
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Busy week for domestic borrowers anticipated
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The unusually early resumption of benchmark issuance will benefit all come the autumn
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Many in market say Europe has moved past poll worries, but issuer actions suggest otherwise
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