Euro
-
◆ Investors offered identical deals at each end of the rating spectrum ◆ Sanofi appears to come flat to fair value ◆ Both get more demand for seven year tranches -
SES and coffee machine maker SEB marketing high spread trades
-
EIB, already 80%-funded for the full-year, will bring another dollar deal on Tuesday
-
Half of the facility came from one investor
-
New faces in euros could be thin end of the wedge as Pacific Life introduces first green FABN
-
Senior bond market participants say Europe has once-in-a-generation chance to take a chunk of US hegemony
-
◆ Assorted issuance mix mostly well taken by investors ◆ But lower yielding or unfamiliar names find it harder to gain traction ◆ Almost all issuers pay slim to single digit premium
-
◆ OTP prints first euro covered in a decade ◆ Equitable Bank fails to tighten from IPTs ◆ Rival bankers debate Equitable struggle
-
◆ Book was one of largest ever ◆ Good window, spotted ◆ Spread versus peer made sense
-
◆ Investors scooping tier two debt across markets ◆ BNP Paribas takes advantage with third print of the year ◆ Rare German insurer Gothaer increases funding
-
◆ Old tier two call date approaches ◆ Tier two pick-up over senior gets tighter ◆ Wide range of feedback but ‘can’t compare this to anything’
-
◆ SSE brings two tranches to Orange’s one ◆ Both trades see substantial orderbook attrition ◆ Hybrids remain attractive proposition for investors
