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◆ Only euro IG corporate deal on Monday ◆ Issuer slashes the spread and increases size ◆ Single digit concession spotted
High yields are keeping investors interested for now
Restructuring of €316m deal from 2021 is likely
Data
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Fund manager says asset class is mispriced by over 100bp
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Riskier asset classes like high yield lose out as investors favour safer options
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IG spreads are still resilient but signs suggest macro headwinds are taking a toll
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Use of proceeds and sustainability-linked bond issuance picks up with wider market
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Caterpillar takes £500m a day after Mercedes-Benz reopens market
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