Europe
-
The unlocking of frozen EU funding will be a big boost to the country -
◆ Intraday trade, quick execution ◆ Deal came ahead of Moody’s France review ◆ ‘Good window’ also considering OAT auctions next week
-
◆ Japanese telco brings deal after two day roadshow ◆ Shorter tranche leads demand ◆ Italgas pushes through with €750m six year
-
Iran ceasefire rally could draw out more issuance before expected May rush
-
Middle East turmoil is giving Asia-Pacific corporate borrowers another reason to look west
-
◆ Minimal premium paid ◆ Size at top of range ◆ Issuer seizes upon stability
-
◆ 'Cautious' start say some market participants ◆ New issue premium debated ◆ Price and size praised by rivals
-
◆ General Mills debuts €1.7bn Reverse Yankee hybrids ◆ Engie raises €2.06bn-equivalent across euros and sterling ◆ Sub/senior spreads stay modest on Engie's euro tranches
-
Easter holidays and Middle East volatility subdued regular private placement activity though Gulf states step up private funding
-
Country's sovereign bonds will react well to an opposition victory, but an Orban win will prompt a sell-off
-
◆ Issuer fixed size at €500m from outset ◆ Spread was over 20bp inside issuer’s last covered ◆ Covered was first from lender in 18 months
-
◆ Spread was tightened by 5bp through execution ◆ Order book was ‘high quality’ says banker ◆ Norweigan bank's first covered since October
