LeasePlan tightens dollar curve with longest ever euros
LeasePlan Corporation’s return to the euro senior unsecured market on Tuesday was an opportunity to reprice the Dutch issuer’s curve, group treasurer Paul Benson told EuroWeek Bank Finance.
The fleet management and financial services company attracted €1.6bn of orders from around 150 accounts for its €500m 5.5 year, which was priced at 100bp over mid-swaps. The deal was trading 8bp tighter against Bunds on Wednesday.
Lead managers said fair value for the new bond was around
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