Compass cooks up tasty combo for bond and equity investors
Compass Group, the UK food service group, offered investors a choice of main courses on Monday, combining a €750m seven year bond with a £300m 12 year. Demand was plentiful for both and the new issue premia were minimal.
Bank of America Merrill Lynch, Barclays, Citigroup and HSBC led the deal, after a roadshow across Europe and the UK last week.
Some of the proceeds will be used to fund a £1bn special dividend for Compass Group shareholders, which will be paid on July 17. Compass announced
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.