EMEA
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Triple oversubscription drives price 15bp inside initial guidance -
OQEP was 2.65 times covered with 50-50 allocation to international and local investors
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Market reaction suits unsecured deals, from those not in blackout, as soon as Friday
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Social housing company signs range of revolvers from existing lenders
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Large deal size one of a number of reasons borrower offers new issue premium
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Central bank does as expected amid corporate bond demand that outstrips supply
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Deal received ‘substantial’ interest from both local and international investors
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◆ Deal sees $4.25bn in demand ◆ Good value versus tier one SSAs ◆ Short-end dollar attracts interest
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Informa, Würth, Royal FrieslandCampina and Shurgard slot into day of lesser followed names
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Books were nearly double the $300m deal size
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◆ Issuer eyes further outings ◆ Book closes in excess of €820m ◆ Multi-day marketing period supported demand
