Europe
-
◆ Prices 15bp through peer ◆ Fair value not easy to calculate ◆ IFB Hamburg prints too -
Company prints inside recent similarly rated names despite problems in motor sector
-
Sustainability links will be added once framework is complete and published
-
◆ France first out of the door with 30 year ◆ Large book of €115bn, over 450 investors ◆ 'Very compressed' premium like EU and Italy
-
Choice of 10 year tenor key to success, says DMO
-
Chocolatier gets sticky book for first trade since S&P downgrade
-
◆ Skinny new issue premium ◆ Deal 10 times covered ◆ Pricing with EU not a challenge
-
The company is believed to have added three institutions to its lending roster of relationship banks
-
◆ Large size ◆ Pricing ‘on the money’ ◆ Getting squeezy versus OATs
-
◆ Note is the issuer’s first in euros since 2022 ◆ Slim pick-up paid over larger peers ◆ Little impact from upcoming merger
-
◆ Deal is TSB’s second in euros ◆ Minimal concession paid ◆ Bond offers single digit spread over UK peers
-
The Swiss company’s refinancing has support from more than 30 banks
