EMEA

Carmaker prints biggest corporate deal in the currency so far this year

Company in 'no doubt' a public trade would have delivered better pricing

Books were nearly three times the issue size

Pharmaceuticals and energy transition also ripe sectors for M&A

Investors and bankers consider prospects for UK country's first bond issue

◆ Higher rated Austrian lender offers more spread for similar senior preferred bond ◆ Big demand pushes deal inside fair value ◆ BCP still prints its tightest unsecured debt for more than five years

AFD's Thibaut Makarovsky discusses recent dollar deal

◆ Junior note lands tight to Class As ◆ No concession needed ◆ Lack of sterling supply allows for tight pricing

After a record 2024, Turkish corporate issuance slowed last year

The company has enjoyed two rating upgrades since its last sukuk issuance

◆ Peak book the largest for an IG corporate in sterling since early November ◆ Issuer takes size at a tight spread ◆ Wide range of fair values spotted

◆ First deal from regions and agencies in Spain this year ◆ Bond lands just 4bp over Bonos ◆ How far can Spanish SSAs go from here?