Europe
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OAT yields and spreads calm, but next year’s supply is crucial
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◆ Bond almost three times subscribed ◆ Issuer did not pay a concession ◆ Deal priced through Länder peers
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Rented housing company refinances loan due this month
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Borrower's deal took in €2.8bn of final demand
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◆ 'Dark clouds' fail to hinder demand ◆ Bankers debate fair value ◆ More senior deals expected this week
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Borrower receives £880m of orders, despite UK water sector's woes
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Issuer will bring one of the largest programmes among French agencies
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One large borrower that did not issue this year may return to the market
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◆ Print signals a 'strong start going into 2025' ◆ Fair value hard to pinpoint ◆ Länder peer mandates deal
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Company pushes maturity out to 2029
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Most of IPO is new capital for social infrastructure investments and to improve financial health
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Book drops almost €2bn from peak as not all investors chase deal down