Europe
-
◆ Company's first euro bond since 2020 ◆ Peak books top €8.1bn ◆ Defence business angle pulls in investors -
◆ Larger 2026 programme leads to another outing ◆ Limited needs, tap works best ◆ Pricing was 1bp over secondary
-
Deals price tightly to Western European peers, with high-spread Icelandic banks performing the most
-
◆ Books peak above €6.9bn ◆ Pricing competitive to food group peers ◆ Proceeds to refinance outstanding debt
-
Deal's concession came to just a few basis points
-
◆ Euro deal more than seven times subscribed ◆ New issue premium estimated ◆ Value versus OATs and Spanish agencies
-
◆ Books peak at over €5.1bn ◆ Deal Bosch's first since five tranche sale last May ◆Corporate issuers set to squeeze into Wednesday window
-
◆ Three syndicated OLOs raise sovereign a record €22bn ◆ Smaller book than last two, but “quality is definitely there” ◆ Usual pricing approach adopted
-
◆ ING brings its first euro capital trade of 2026 ◆ Fair value debated ◆ ING's and Intesa's tier two deals were "not a competition"
-
◆ Telecoms firm takes €1bn across two legs ◆ No to negative premiums offered ◆ Real money sticks as fast money falls out
-
◆ No attrition on insurance arm's €500m no-grow 2036 deal ◆ Ample demand from buy-and-hold accounts ◆ 'So much cash available' despite US-Iran peace deal failure
-
◆ Real estate firm takes £400m on second outing ◆ Single digit concession needed ◆ Elevated sterling yields putting off potential issuers
