Issues

New issue premiums have risen, but even single-B rated issuers have priced deals

◆ $9bn raised in one go, peers inspired ◆ ‘Very efficient’ dual-tranche serves issuer well ◆ Tight Treasury spread but 'where the market trades’ is important

◆ Less frequent and smaller Europeans return after Iccrea reopening ◆ Latest sub-benchmark Austrian deal adds issuer diversity ◆ CCF meets annual funding need

Issuer was originally looking at a $1bn trade but found healthy demand

Fiserv and Visa print across the curve with more tipped to come

Two firms are vying to lead European investment banking pack

◆ Swap spread stability enables large $5bn trade ◆ Spread to US Treasuries gets squeezy ◆ Alternative executions considered but not needed

◆ Similar trades clash on the same day ◆ New Zealand bank finds it more challenging to attract orders despite paying higher spread and new issue premium ◆ Swedbank lands deal with similar concession than recent French senior paper

Deal follows Elekta block as market returns

◆ 'Helpful messaging' matters ◆ Attrition rate higher than recent tier twos ◆ Some saw negative concession

The company has refinanced and increased its loan by another €100m

◆ Books bulge for three year deal ◆ Sizes and new issue concessions reflect demand differences ◆ Trade comes amid major data dumps