October 04, 2024 12:51 GMT
UTILITIES: Week in Review
UTILITIES
Utilities were in a tight range for the most part, with some beta compression. Spreads were 2bp tighter on average.
- Italgas was reported to be nearing a deal for 2i Rete Gas https://marketnews.com/utilities-italgas-igim-baa2-nr-bbb-nearing-2i-rete-gas-deal.
Supply saw a deal from Alliander that looked aggressively priced https://marketnews.com/credit-supply-alliander-allrnv-aa3-a-nr-new-issue-fv. Infrequent issuer FCC left a bit more on the table https://marketnews.com/credit-supply-fcc-fccser-nr-nr-bbb-new-issue-fv.
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