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◆ Norwegian issuer returns to hybrid market after 2023 debut ◆ Issuer slashes spread by 62.5bp ◆ €5bn peak book drives pricing through fair value
Public pension schemes have sold shares in coal, oil and gas companies but are still funding expansion of the gas industry through infrastructure funds
◆ Peak demand tops 10.6 times the deal size ◆ Orders stay glued in after sharp tightening ◆ Issuer tenders outstanding hybrids alongside new bond
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Spiking yields and geopolitical tensions in the Middle East have dampened the market
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Dispute over what widening says about beleaguered sector
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Issuers pause deals as Israel-Hamas conflict adds more uncertainty to funding environment
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Other countries set to follow Germany in buying hybrids, Bank will then turn to philanthropists
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Govvies and UBS covered debut no hindrance to Japanese car giant
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Tricky week for corporate borrowing sees surge of issuance before US CPI data
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