APRR offers longest deal on manic Monday
The five deals which priced in the euro corporate bond market on Monday offered investors a variety of options, including hybrids and floaters. For duration buyers, French motorway operator Autoroutes Paris-Rhin-Rhône was in market with a January 2033 maturity.
The fourth largest toll road operator in Europe, rated A-/A-, sold a similar long-dated deal in May, when it printed a €500m bond with a January 2032 maturity. That bond was priced at 60bp and had tightened to 29bp at Friday’s close.
Based on that quote, and
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