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◆ Praemia refis at a tighter coupon ◆ Schneider lands tight at the short end ◆ Minimal concessions needed
French biotech seeks to accelerate cancer vaccine program
◆ Single digit premiums offered ◆ Reverse Yankees dominating euro supply ◆ Floaters proving popular with multi-tranche issuers
Pair enjoyed strong execution and tight pricing as US high grade credit remained resilient in the face of a sell-off in equity markets
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Vaccine maker issued shares in oversubscribed deal to fund acquisition
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Existing shareholders took a large chunk of the deal, 30% of bidders left empty-handed
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Calmer book builds than earlier trades hint at less guesswork over pricing
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An end-of-year surge in deal-making has sparked predictions of a boom in leveraged buy-outs
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Italian pharmacy group to refinance €460m of debt and pursue acquisitions