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CREDIT SUPPLY: €IG Primary Tracker

CREDIT SUPPLY
  • Fourth quietest week of the year in terms of volume; just EUR 2.95bn priced across six lines from six issuers.
  • Cover in line with the previous week at an aggregate 2.9x vs. YTD aggregate of 3.2x.
  • NICs we calculated came in tighter this week on an average (2bp), trimmed mean (1bp) and median (0bp) basis; FCCSER and ADENVX were the only issuers leaving anything on the table with a 13bp NIC and 5bp NIC respectively while SUMIBK was in line with FV and BYLAN and ALLRNV priced with negative NICs of -2bp and -8bp.

 

 

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  • Fourth quietest week of the year in terms of volume; just EUR 2.95bn priced across six lines from six issuers.
  • Cover in line with the previous week at an aggregate 2.9x vs. YTD aggregate of 3.2x.
  • NICs we calculated came in tighter this week on an average (2bp), trimmed mean (1bp) and median (0bp) basis; FCCSER and ADENVX were the only issuers leaving anything on the table with a 13bp NIC and 5bp NIC respectively while SUMIBK was in line with FV and BYLAN and ALLRNV priced with negative NICs of -2bp and -8bp.