United States

Highly rated names land smooth trades after investor demand showed signs of weakness for corporates last week

Issuer cannot tighten from initial price thoughts as market remains hostile to lesser known names

US medtech firm sourced more than half of $4.2bn debt needed in the €1.8bn trade

European markets need to prepare for six months of politically-driven market volatility

Borrowers cram in before what could be the first ECB rate cut since 2019

◆ Market volatility no hindrance for foreign and domestic FIG issuers ◆ They take advantage of favourable conditions ◆ May volume to end more than 80% higher compared with a year ago

◆ BPCE and Handelsbanken print first Yankee bonds of the year ◆ Citi increases perpetual size after $4.6bn book ◆ Flurry of activity from US insurers

IG corporates squeeze into the market with US names joining the fray

◆ Quick fire from the US bulge bracket bank makes this its second deal in May and fourth this year ◆ NatWest returns with senior opco Yankee a week after blowout AT1 ◆ CPI report improves market conditions

The US pharmaceuticals group joined a diverse group of issuers in the market this week

Covivio, Timken and Merck & Co keep corporate issuance going

‘Definitely more’ corporates seeking ultra-long maturities