Euro
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Alliander, Schneider Electric and Edenred face dwindling orders for tightly priced borrowers -
◆ Lower investor interest despite only 30% of Monday's volume issued ◆ Not all able to land at tight end ◆ 'Recalibration' for FRNs
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◆ DNB's tier two attracts largest unsecured book of the day ◆ Norwegian note tightest in the format in eight months ◆ Is this a potential sweet spot for subordinated paper?
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Issuer increases deal and launches at single digit concession
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◆ Third US bank to print green in euros ◆ Label and rarity of US bank paper attract investors ◆ Enticing pricing for others to follow
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Bond marks the first CEE sovereign mandate for Standard Chartered
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Holding company pays up for more complex credit story
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◆ Many factors drive strong demand ◆ Rarity aspect helps some issuers ◆ Pipeline loaded, say bankers
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Highly rated corporate paper in demand as investors seize chance at higher yields
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◆ Demand for Commerzbank deal less than expected ◆ 6bp-7bp of premium needed ◆ Senior unsecured supply glut eats up covered demand
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Expected end of rate rising cycle pushes up bid for well rated longer bonds
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A debut and rare unrated issuer brave a novelty-shy bond market
