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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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Fiserv and Visa print across the curve with more tipped to come -
◆ Books bulge for three year deal ◆ Sizes and new issue concessions reflect demand differences ◆ Trade comes amid major data dumps
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◆ European and US growth figures released during bookbuilding ◆ Demand proves decent for EDF ◆ Worries bubble up that market is not pricing in risk properly
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Conditions still favourable for CB issuers
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◆ Debut deal from Google owner ◆ Combined peak demand hits €31.5bn ◆ Curve steepens by 3bp during book building
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◆ TDC Net opens books after marketing last week ◆ Starting spread is widest of any deal for almost a year ◆ Harbour Energy out with junk rated hybrid
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