Europe

◆ BBB- rated trades come days after investors said they wanted riskier deals ◆ Combined peak demand hits €8.2bn ◆ High orderbook attrition for Aeroporti di Roma’s SLB

Spreads over Treasuries are tight but hope is that ‘others will follow’

Belgian family company is buying Délifrance and a business from Bunge

◆ Share price has fallen this month ◆ No sign of investor worry in primary bond market ◆ Shorter tranche was more popular

New issue premium is in line with pre-tariff euro sovereign deals in CEE

◆ French bank finds window between market reopening and potential heightened new supply next week ◆ Five and 10 year senior preferred tranches its first in euros this year ◆ Longer one outperforms in both demand and pricing

Issuer finishes raising €4bn for this year after 'very different execution', with more — maybe longer — supply to come

Being ‘flexible and fast’ proves key for public sector issuers amid uncertain market backdrop

As tariff storm eases, buyers grow more willing to move down the credit curve

‘A strong focus on a fast execution process’ aimed to minimise uncertainty and volatility, says sovereign’s funding head

The Italian gaming group has amended and extended the facility initially completed in 2023

◆ Bill Ackman’s firm offers chunky spread ◆ But investors only offer modest demand ◆ Company only has one other euro trade outstanding