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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.

 

 

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  • 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.