Europe
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Investors show they are still at their desks during the most illiquid weeks of the year
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Agency could issue two to three more bonds, probably spread out over coming months
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Industrial gas maker taps the SSD market for the first time in biggest deal of the year
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Deal accompanied by delta placement block trade and high yield issue
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Deals waiting to be done but no one pulls trigger despite Fed meeting later this week
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Total for first half is more than all of 2023 inflows
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Transaction was 67% subscribed, with anchor investors and backstopping bondholders promising to take the rest
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Second deal in as many weeks from water sector draws more than £1bn of orders
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Flurry of deals in euros with more to come as Monday supply already beats last week’s total volume
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Upcoming regulatory period introduces significant challenges for water companies, said a Fitch report
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Government bond spreads could continue to tighten versus core and semi-core peers
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◆ German banks raced out of the blocks this year ◆ Slower loan book growth to damp supply ◆ Pfandbrief spreads unlikely to tighten