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Dollar corporate issuance could close to $1tr in 2026, say analysts
Diverse mix of companies to get issuance going but will have to navigate Epiphany
Investors look to short-dated sterling as more rate cuts from BoE expected
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UK water companies rally as Cunliffe review promises seismic change
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Deal was wallcrossed over two days, launched on Thursday morning
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◆ United Utilities lands flat to fair value with rare green bond ◆ Southern Water draws book size over £3.75bn at peak ◆ Optimism regained in the troubled sector
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DCM changes follow Harding-Jones taking over IB business
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◆ US telecom prints long seven and 12 year bonds ◆ Deal upsizes to €2bn ◆ Spreads on both legs tighten by 38bp
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◆ Final order peaks at 8.6 times subscribed ◆ Spread tightens by 38bp from initial thoughts ◆ Investors flush with cash chase limited supply
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