EMEA

Company's debt woes has seen its credit rating cut another notch

Investors' wariness around high beta credits is not showing in the primary market

◆ Deal hits size and price targets ◆ Starting spread catches investors' attention ◆ Small pick up offered over OATs

About 30% of the deal expected to go abroad as other EM discount retailers will serve as comps

Average new issue concessions a fraction of what they were a year ago despite almost double the volume being priced

Creditors can and will be bumped down the pecking order at the time when it matters most

The Abu Dhabi Pension Fund, Bahrain's sovereign wealth fund, Emirates International Investment and the Oman Investment Authority have promised to buy shares, with more long-only accounts in the book as anchors

◆ French govvie performance to support sentiment ◆ Recent French covered bonds spotted tighter ◆ Fair value considerations revealed

Marex sponsor sell-down and Elixirr executive sale follow IPO of Applied Nutrition and Coca Cola's listing transfer

More Friday deals a possibility as volumes are expected to pick up after the US election

Embattled water company already has £1.5bn backstopped as it fights for its future

Bund-swap spreads are heading to uncharted territory with little to stop them, which could cause a headache for SSA issuers