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After soaring this month, May is expected to see new issue premiums return to next to nothing
◆ Investors claw back some of the power in primary market ◆ Trade lands with high single digit concession ◆ Deal more than three times subscribed despite €1bn falling out of orderbook
IG corporate investors have preferred bonds with higher ratings since tariff chaos began
Borrowers achieve mixed results with new bonds as market struggles to offer solid ground
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◆ Fresenius, Danone and Proximus benchmarks shake off tariff turmoil ◆ Range of new issue concessions needed ◆ High orderbook attrition for those pushing hard on spread -
Washing will reveal its tariffs on April 2 but many expect ambiguity to continue
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AusNet and unrated Lagardère market euro benchmarks
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The company announced his departure on Friday
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Successful corporates and FIG bonds belie move to ‘higher volatility regime'
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US due to impose swingeing tariffs next week
