Europe
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◆ Final terms fixed from the get-go ◆ Second opportunistic dollar trade from the sovereign ◆ Home euro market having ‘terrible day’ -
Over £19bn of additional Gilt issuance to be split across maturities with slight skew to long end
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Swiss asset manager’s anchor investor to underwrite the rights issue, two Norwegian companies do block trades
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Loan to support clean energy transition and increased by nearly a third of the existing facility
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Investment grade companies issue €20bn of euro bonds this month
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◆ Agency brings planned October benchmark ◆ Regulatory boost received in July ◆ Bonds now trade closer to Bpifrance
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Company's debt woes has seen its credit rating cut another notch
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Investors' wariness around high beta credits is not showing in the primary market
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◆ Deal hits size and price targets ◆ Starting spread catches investors' attention ◆ Small pick up offered over OATs
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Average new issue concessions a fraction of what they were a year ago despite almost double the volume being priced
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Creditors can and will be bumped down the pecking order at the time when it matters most
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◆ French govvie performance to support sentiment ◆ Recent French covered bonds spotted tighter ◆ Fair value considerations revealed
