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Foreign issuers tap market for price and diversification
Hyperscaler funding needs could drive the next wave of US supply in euros
Cooler reception suggest AI capex hype is shrinking
Data
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Borrower looks to have paid modest concessions after credit markets opened wider on Wednesday -
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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Spreads tighten by more than average in sign that investors are far from sated
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Other incoming new issues include a niche social bond in sterling
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