EMEA
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The company was divested by its Chinese parent in October 2024 -
◆ Record book for the German state ◆ Länder-KfW spread now much healthier ◆ Strong bid for German assets at current levels
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◆ High spread attracts credit focussed accounts ◆ Strong demand for covered return ◆ Deal spotted 5bp tighter in secondary
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Books for dual trancher exceed $2.75bn despite 'squeezed' Turkish levels
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Making fair value estimates for the AT1 deal was tricky
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First outing for Italian company tipped to herald wave of fresh hybrid names
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Some have questioned why the issuer is running a tender for 2032 bonds alongside its new issue
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Although DRC exposure a challenge for some, copper is popular sector and ‘bellwether’ EM buyers are in book
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High yield from an issuer with major oil and gas players as shareholders attracts investors
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Tighter spread to Bunds and real money investor interests observed in its new deal
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◆ No pick-up offered to French govvies ◆ Deal lands through fair value ◆ Investors still eager to pick up paper
