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Domestic issuers crowd screens in Switzerland
Hewlett-Packard, Uber, Repsol and Komatsu jostle
'Great' market conditions are not immune to central bank surprises and fund inflow changes
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US corporates continue to enjoy decent funding conditions
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Enjoy the roaring markets while you can, they won't last long
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◆ Assorted issuance mix mostly well taken by investors ◆ But lower yielding or unfamiliar names find it harder to gain traction ◆ Almost all issuers pay slim to single digit premium
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◆ SSE brings two tranches to Orange’s one ◆ Both trades see substantial orderbook attrition ◆ Hybrids remain attractive proposition for investors
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Delayed drawdowns are more common in private credit
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