Europe
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Corporate deals start piling up after a sleepy summer reopening
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Gold mines an area of interest as commodity prices rise
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◆ One deal was judged ‘relatively tight’... ◆ And the other ‘definitely cheap’... ◆ ... though fair value tough to spot
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New funding avenue opened as Vienna-based supra issuer grows
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◆ French issuer prints two year floater and three, six and nine year bonds ◆ Deal increased by €750m ◆ Longer tenors find sweeter demand
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Issuer ‘confident’ to make use of stronger market and has now raised €13bn this year
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Issuer will return in 2027, and perhaps next year in small size
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Italy’s top independent investment bank must try to survive inside Monte dei Paschi
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◆ Hybrid regular Veolia sells new perp ◆ Senior/sub spread lands in low-100bp ◆ Carrefour more than six times subscribed on €650m deal
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◆ Swiss food giant issues eight and 13 year notes ◆ Last Nestlé's euro issuance for 2025 ◆ Inmobiliaria Colonial adds €800m green deal
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◆ Priced over Austrian govvies ◆ Scarcity and business model help demand ◆ Saskatchewan targets 10 year
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◆ A3 rated exchanges group prints long three and seven year paper ◆ Orderbook holds firm at £4.5bn ◆ Sterling depth proven ahead of BoE decision