John Deere and Leaseplan enjoy autumn five year harvest
US machinery manufacturer, John Deere, returned to the euro corporate bond market on Tuesday, selling its second deal in September. The €500m five year deal was issued by the company’s John Deere Bank entity.
Earlier in September, the John Deere Cash Management entity sold an €850m dual-tranche deal. That entity is guaranteed by the parent entity, Deere & Co, while John Deere Bank is guaranteed by John Deere Capital Corp, which has a support agreement with Deere & Co.
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