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Physical infrastructure, once seen as boring and ex-growth, has become one of the hottest areas for capital markets and M&A, and that is set to accelerate in 2026
‘Decent run’ for loan deals in Austria and CEE as IG names dominate deals in the pipeline for 2026
◆ Pricing comes significantly through EU ◆ 'Surprising' French interest in book ◆ Fast money deterred by odd tenor
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Sovereign pays zero new issue premium as books for 10 year deal top $4.9bn -
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East African sovereign could print $1bn-$1.5bn, depending on demand for the tender
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Equity capital will be needed and treasurers will have to plan funding carefully
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Issuance volumes net positive for first time in years
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£900m equity raise plans come as Southern tries to save its investment grade rating
