Germany
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◆ Rapid bookbuild ◆ Investors ‘don’t care’ as issuer pays negligible concession ◆ Tenor maximises Bund spread
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Market expected to shut after Wednesday as UK elections and US holiday loom
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Investors are cautious but the deal is “a good test" of the current environment
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Travel company’s shares have ceased trading in London, as exchange keeps losing stocks
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◆ Investors flock to short dated green trade ◆ German lender unearths greenium ◆ Wave of supply not expected despite strong outcome
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Deal seven times subscribed, 90bp wide of same-rated Heineken
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Monday was also the first day for new COO from UniCredit
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Wiener Stadtwerke and Redexis head to loan market
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Historic German private equity group priced its first convertible on Friday
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◆ DZ Hyp to sell short green deal ◆ Raiffeisen Bausparkasse readies debut ◆ Recent deals tighten against improving backdrop
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Mandates hit screens later in the day than usual after National Rally’s soaring popularity in France
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Issuer gets three times oversubscription in a trade that bankers said would hopefully ‘give people confidence’