EMEA

◆ US food group funds M&A with first euro bond ◆ €500m no-grow draws more than €1.65bn at peak ◆ Tenor choice helps issuer find demand

◆ French publishing and retail firm offers rare unrated deal ◆ Deal strikes balance between compensating investors and attractive pricing for issuer ◆ 'Strategic related partner' anchors the book

There is little evidence that US corporate issuance in euros is crowding out local borrowers

◆ Another French agency brings early autumn deal ◆ International investors show support ◆ Priced to ensure performance

◆ Five-part debut draws more than €21bn of peak orders ◆ Uber offers diversification from hyperscaler-heavy US supply ◆ Issuer leaves concessions on table to secure size

◆ Part of prefunding for 2027 ◆ Low-to-mid single digit NIP ◆ Green issuance has increased since last year

Shareholders sell down holdings in AutoStore and Orsted, as shipping company opens books ahead of Athens parallel listing

The bank tightened a little more than a UAE peer did on Tuesday

The euro tranche is a refi of a bond maturing later in September

◆ UK sovereign reopens 30 year Gilt, adds £4.25bn ◆ With higher yields comes higher demand ◆ ‘Quality of offshore demand’ not to be underestimated

Proceeds expected to go towards growth, including expanding what the company says is Africa’s biggest refinery

◆ Sovereign brings fourth syndication of year ◆ Smaller book than earlier deals this year ◆ Capped deal size helps