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Yield-hungry investors and global issuers return could broaden sterling supply in H2
Simplifying MTN and bond market processes the focus, says Agora's Berman
◆ Real estate name builds on Vonovia’s jumbo trade this week ◆ Deal lands at the tight end of guidance ◆ Single-digit concession spotted
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Issuer’s second deal followed upward revision to Ebitda guidance
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Semiconductor equipment firm pounces after raising profit guidance
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◆ Sydney Airport and Indigo print single tranche euro deals ◆ Each deal pulled in peak books of more than €4bn ◆ Tight pricing shows investors still favour defensive credits
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Blackouts keep issuance sparse
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◆ Issuer finds solid demand at four year tenor ◆ Reoffer tighter than a €750m 4.25 year placed last year ◆ Single digit new issue premium paid
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◆ Issuer’s first EuGB hybrid 10 times covered at peak ◆ Tight senior/sub spreads attractive for issuers... ◆ ...while solid yields entice investors
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