Euro
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Imminent senior issuance unlikely aside from large, frequent global banks -
Two credit facilities worth €420m will be turned into a sustainability-linked loan within six months
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Two paths for issuers: top tier swamped with attention, lesser names scrape by
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Wide spreads and unstable market conditions disturb banks’ funding plans
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Issuers hold back trades until after blackout as central banks add more fuel to volatility fire
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UK medical company continues to build curves after debuting in dollars in 2020
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Record tight spread through swaps but 5bp concession needed
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New issuers strengthen signs of levfin revival
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Spanish and French agencies also took advantage of a narrow pricing window
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Money moving out of longer maturities means issuers likely to prefer ultra-defensive deals
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Market sentiment deteriorates but positive mood after the FOMC may unleash unsecured issuance on Thursday
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High ratings and market-friendly maturities give bond issuers smooth ride
