May 24, 2024 09:57 GMT
YTD €IG Supply By Week
CREDIT SUPPLY
- We calculated FV/NIC on 26 out of the 28 senior €IG deals this week. The average NIC was 4bp, in line with last week while the median NIC was 0bp, down from 5bp the week before.
- Sixth busiest week of supply this year. Cover ratios and WAM broadly in line with YTD averages.
- Average launch spreads moved wider with less of a tilt towards higher-rated supply than in the last two weeks.
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