Euro
-
With issuers in earnings blackouts or nearing the end of their 2025 programmes, issuance slumped in October compared to the September rush -
◆ Juventus' majority owner attracts €3.25bn peak book ◆ Price discovery needed for rare name ◆ Range of fair values suggested
-
Deal flow to resume next week with ‘pretty good’ demand to support issuance
-
◆ Spanish lender completes full unsecured capital stack issuance in 2025 ◆ New deal lures growing demand ◆ Debate on new issue premium
-
◆ 'Rocking' book over 4.5 times covered ◆ Slim premium leaves room for performance ◆ Austrian undersupply supports demand
-
◆ UK consumer goods firm prints seven and 12 year paper ◆ Issuer ups size on big demand ◆ Demand skewed towards the belly of the curve
-
These regions offer more deals and 'better' returns
-
◆ Barclays raises €1.75bn in dual tranche senior ... ◆ and issues Singapore dollar AT1 ◆ Lloyds pulls $9bn of orders for US dollar AT1
-
◆ Sub-benchmark deal oversubscribed ◆ Close to 5bp of new issue concession ◆ Iceland's relative risk spread compared to other Nordics 'not justified'
-
◆ Debut euro deal from Apple’s largest iPhone assembler ◆ Spread tightened by 45bp ◆ Deal increased on heavy demand
-
Upcoming rates decisions in four major economies create a fleeting issuance window
-
◆ US consumer goods giant prints eight and 20 year paper ◆ Spread tightened more than 30bp on both legs ◆ More Reverse Yankees expected later this year
