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Investors are ready to pile into trades offering certain parameters, with triple-B, shorter-dated bonds in vogue
Even at top end of range, volumes will still be far below March 2024
Borrowers stay away after roaring week for those that did come to market
◆ Roaring rated debut for Ipsen ◆ Final orderbook 10 times deal size ◆ Spread lands well inside higher rated comparable names
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◆ Borrower lands inside fair value for second year in row ◆ Orderbook ends near peak despite heavy tightening ◆ Investors say there is 'too much liquidity'
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The decision made by the High Court was upheld on Monday
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◆ Rare 15 year trade part of multi-tranche deal ◆ Sluggish start to the day ends with €7bn final book ◆ Single digit new issue concession across all tranches
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◆ Sandoz garners chunky demand for 10 year trade ◆ Trend continues for issuers to set deal parameters quickly ◆ Single digit new issue concession
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Investor demand for longer paper allows both issuers to price tight
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High volumes issued as bond market pushes through geopolitics