JP Morgan
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Deal was oversubscribed with €110m of lead manager orders
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Block trade of €560m hedges JP Morgan position, cuts Stone Island family’s stake
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The long-end deal is judged to have paid 1bp-3bp new issue premium
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◆ Morgan Stanley and JP Morgan flood market with new senior euro paper ◆ MS goes big across the curve ◆ JPM concentrates on ‘strategic’ long end
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Sovereign envisages further ESG issuance
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US drug maker's stake in Haleon set to fall to 24%
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Issuer last brought a green bond in 2022 but has been active via taps
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Sovereign’s rarity makes finding fair value a challenge
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German sub-sovereign again proves that it 'owns the long end' in euros
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€1bn deal comes very tight to KfW and Germany
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Banks sell £308m of stock as Blackstone doubles down on call options strategy to quicken exit
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◆ Barclays unlocked strong long-end demand for its first dollar trade of 2024 ◆ BlackRock raised $3bn as FIG supply booms