Euro
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◆ Supply, not demand, to determine summer pipeline ◆ Barbell market with top and low quality issuers the most welcome ◆ Opportunistic funders the most likely summer candidates -
Heathrow and Aeroporti di Roma show sustainability-linked instruments are useful for particular sectors
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Regional borrowers from Belgium, Germany and Spain power surge in labelled bond issuance among SSAs
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◆ Issuer achieves size and investor diversification ◆ Price and yield compressed since last year ◆ Worse market forces Greek bank debt wider
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◆ AT1 refi more than twice subscribed despite tough backdrop ◆ 25bp-37.5bp of premium needed
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Debut borrower finds ample demand as it spins off from Telekom Austria
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Issuance from German states has increased 70% year-on-year
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Spirits company heads to Belgium and Luxembourg's retail bond market
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◆ Abanca surprises some with early AT1 refi via tender ◆ Piraeus looks to ride warm reception for Greek assets ◆ Different investors expected to support both deals
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First whole business securitisation since the Thames Water debacle began
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Strong issuers get better than expected traction, sparking opportunistic deals
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Investors pile into the long end of building materials company’s trade
