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◆ Swisscom pushes senior/sub spread close to record tights ◆ Tennet Germany lines up debut hybrid ◆ Hybrid volumes run ahead of 2025
◆ Predictions for Gulf issuance change shape again ◆ Investment grade firms to pick tricky path through autumn ◆ The Alphabet effect: hyperscalers hit Kangaroo market
Chubb leads another busy week for foreign borrowers as domestic names also keep supply flowing
Data
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Kevin Duignan to retire after 33 years, mainly in structured finance -
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Crédit Agricole and DekaBank take centre stage in Swissies as domestic names go quiet
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Calendar quirk could keep issuance going in December
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Light opportunistic dusting expected, but prohibitive pricing to put off non-sterling funders
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◆ Praemia refis at a tighter coupon ◆ Schneider lands tight at the short end ◆ Minimal concessions needed
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