Euro

◆ ASN's tightest senior bond since 2021 ◆ Dutch lender becomes only the second FIG borrower to have issued more than one European Green Bond ◆ Deal comes hours before 'massive rally' ensues from opening of Strait of Hormuz

Growing pipeline and fiercer competition had threatened to shake the darling bonds of May

Investors maintain orders as issuers push tight, although some limits are appearing

An public sector issuer breaking a record with a deal this week became so common a claim it began to sound like, well, a broken record. But questions remain about how robust demand really is

Markets ‘not out of the woods yet’ as large sovereigns shorten execution process to de-risk issuance

◆ Sydney Airport and Indigo print single tranche euro deals ◆ Each deal pulled in peak books of more than €4bn ◆ Tight pricing shows investors still favour defensive credits

Swiss commodities firm has deleveraged thanks to elevated free cash flow

◆ Austrian lender's first bond issue of the year ◆ Achieves investor diversification beyond core buyers in DACH, says lead ◆ Moves pricing more than most of its past senior trades

Issuer had already pre-funded in dollars earlier this year

Meanwhile, Gulf borrowers head private as Iran war volatility keeps public flow thin

Books for the jumbo €5bn deal were more than three times subscribed

◆ Issuer finds solid demand at four year tenor ◆ Reoffer tighter than a €750m 4.25 year placed last year ◆ Single digit new issue premium paid