United States
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◆ Amazon adds sterling to funding tool kit ◆ Deal the second largest in the currency after Alphabet's own debut ◆ Trade prices tight but higher price needed for size
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◆ Five-part debut draws more than €21bn of peak orders ◆ Uber offers diversification from hyperscaler-heavy US supply ◆ Issuer leaves concessions on table to secure size
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◆ Bank issues amid heavy supply from US tech companies in euros and sterling ◆ Dual tranche structures takes the maximum volume eyed ◆ Second largest YTD volume printed by US FIG sector
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Four-part deal could come as soon as Wednesday, adding sterling as Amazon’s fifth funding currency
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The deal could help refinance Uber’s recent $14.8bn takeover of Delivery Hero
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Non-US banks continue dollar funding ahead of congested post-Labor Day market
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◆ First euro deal for US manufacturing group since 2016 ◆ More than €7.4bn of peak demand backs three-part deal ◆ Attractive euro funding levels lure more US issuers
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Late Labor Day this year and mid-September FOMC will constrain September issuance window
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◆ US equipment maker prints two year FRN, three year fixed rate ◆ Issuer's largest euro deal ◆ High orderbook attrition as spreads tighten
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Chubb leads another busy week for foreign borrowers as domestic names also keep supply flowing
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Broad range of financial institutions raise dollar funding amid volatility in the Treasury market
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Hyperscaler's record debut was a coup for the Aussie bond market, but such large trades risk crowding out smaller borrowers