Credit-Default Swap Market
|New Issues||New Issues [Continued]|
1. Vier Gas Transport Gmbh (EUR) 0.5% 9/10/2034 (08/29/2019):500MM Senior Unsecured Notes, Price at Issuance 98.485, Yielding .606%.
2. Nordea Bank AB (NOK) FLT% 9/5/2022 (08/29/2019): 500MM Senior Unsecured Notes.
OVERALL EUROPEAN CREDIT MARKET:
The euro-zone economy shows signs of negative momentum, weakening credit rating quality, and uncertainty regarding the outcome of Brexit. Closely watched indicators and rates:
- Eurostat's unemployment rate: currently 7.5% (seasonally adjusted, May 2019)
- Eurostat's quarterly GDP: 0.4% (2019 Q1)
- 6-month Euribor: current value -0.423%, as of 08/29/2019
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