EMEA
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Long end deals could be on the cards for brave Benelux borrowers
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Facility features accordion option
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Prospect of more borrowing and investment next year did little to deter Bund yields or swap spreads
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Investors and issuers unlikely to reshape plans to capitalise on wide covered levels
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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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The government has enacted impressive reforms since 2023, but revenue collection is still weak
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Why remembrance of things past will soon include the traditional relationship between French covered and sovereign bonds
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Chancellor of the exchequer, Rachel Reeves has internalised the 2022 Gilt crisis
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Company focuses on renewable energy and solar, wind and energy storage systems
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Market all but certain US rates will be on pause this week, while looking for clues for September
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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