Europe
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Hungary has been borrowing in the yen market for 40 years
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◆ Deal takes €250m more than targeted ◆ Slim premium paid for duration ◆ Investors still happy to buy despite longer tenor
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Issuance tipped to top the €15bn-equivalent sold in the last four days
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Borrower finds flexibility and investor diversification at no added cost
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◆ Short dollar deal came with huge savings ◆ A long euro followed ◆ Issuer to look at PPs and taps for arb funding
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NMDC Energy's $877m IPO leads bulging pipeline in Gulf, but Europe stays 'hard to read'
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Investors prefer shorter tranches in about-turn of recent trend
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◆ Big five year book for sovereign ◆ Fourth syndicated transaction "not required" ◆ Pricing didn't work for ultra-long dated tap
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Real estate company aims for acquisitions, private equity exits SATS and two IG shareholders net £64.5m
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Corporates pump out another day of deals to the envy of other markets
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◆ Inaugural bond expected early next week ◆ German deal secured against Dutch mortgages ◆ Deal expected to be popular despite quirks
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Demand for Czech electricity company’s latest deal is lower than when it issued in June