Europe
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The €600m IPO is multiple times covered on the penultimate day of bookbuilding -
At the tipping point, the spectre of spread widening has failed to materialise
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Companies find success at short maturities
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Shares in the gas company have surged off the back of higher prices
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The issuer met its size and spread aspirations as Bawag lined up the market's next new issue
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Ireland debt management office hopes upgrade will bring in new investors
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Corporate issuers using swap curve inversion to push through mid-swaps while still offering yield
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Issuance levels tipped to ramp up in coming weeks
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Second tier Spanish lender prices €500m sale with a premium in line with recent euro supply
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Market participants queried whether it was the right bank to restart issuance
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Investor demand exceeded the deal size, including greenshoe, according to sources
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Issuers are warned they now have to pay up as the ECB's 'backstop' is no more
