September 27, 2024 10:01 GMT
CREDIT SUPPLY: €IG Primary Tracker
CREDIT SUPPLY
- Sixth busiest week of the year in terms of volume; EUR 21.6bn priced across 32 lines from 24 issuers (excl. two unrated deals; EUR 500mn Voestalpine and EUR 300mn Kesko).
- Aggregate cover of 2.9x vs. the YTD figure of 3.2x.
- Fourth highest average launch spread at MS+138bps, mainly on the back of wide deals from Raiffeisen and Altarea.
- Average/Median NIC broadly in line with last week at 4bp ranging from 20bp on the Continental deal to -10bp on MBank’s.
76 words