Euro
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IHG, Prologis and Knorr-Bremse among those fighting for attention in big volume day -
◆ CIBC seen 'dismissing own curve' to price tight deal ◆ More scope for Canadian issuance, say bankers ◆ KHFC draws less demand
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Fed out of the way and US election on horizon sends volume surging in IG corporate bonds
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Borrowers pay just a handful of basis points in concession on average
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Storied credit continues capital market rehabilitation with deal marketed on a spread basis, rather than yield
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◆ Issuer takes advantage of the duration bid ◆ Print close to fair value, if not inside ◆ Smaller compatriot Spar Nord Bank readying green debut
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◆ Singaporean bank prints more than originally targeted ◆ Slim premium paid for size ◆ Deal bought forward to avoid competing supply
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It’s who buys the bond, not how much they pay that counts
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Higher yields, through senior duration and capital, to support prefunding demand
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At least one issuer considers 10 year but spread dynamics could be off-putting
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Problems at BMW and VW weigh on the sector amid contagion worries
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Next three to four weeks key if issuers are to complete 2024 funding early
