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US dollar market bursts to life after Labor Day holiday
Flood of US deals yet to harm European borrowers materially but potential for spread widening and crowding out remains
Bankers welcome third and fourth deal in two weeks
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Director has been with the bank for 11 years
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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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Having to rate money-guzzling Anthropic and OpenAI will test the agencies’ nerve
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◆ Largest euro corp deal from a European issuer this year ◆ Borrower pays above-average concessions across the curve ◆ French issuers rush to fund ahead of political uncertainty
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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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