Issues

◆ OTP prices 10th Eastern European covered this year ◆ Order book was twice the deal's size ◆ Tuesday's only benchmark deal

◆ UK telecom sells eight year bond ◆ Peak demand tops over €3.4bn ◆ More corporate issuers piling up euro deals this week

It's not the juniors in capital markets who need protecting from obsolescence. They stand to benefit most from the deployment of AI

◆ Supranationals and agencies prepare to achieve the previously unthinkable ◆ Leveraged loans versus private credit and their effect on CLOs ◆ A new dawn for dollar covered bonds and UK equity market structure

Issuers leave concessions on the table as investors look more closely at individual names

New issue premiums evaporate as investors lap up yield and spy top of rate mini-cycle

Equity market bodies try to pre-empt regulator's July consultation and consolidated tape decision

Merck & Co and Ecolab Inc raised a combined $11bn as they took advantage of strong investor demand and tight spreads

Tight spreads are offering attractive funding climate for foreign as well as diverse US financial institutions, including those exposed to private credit

◆ Issuer’s first covered since September ◆ Aussie bank tapped seniors last week◆ CBA’s was only covered benchmark on Thursday

Peace agreement will be needed to restore normal enthusiasm

Borrowers want to issue and spreads are tight, but execution windows are very unreliable