RTE and Westfield bring €500m 10 years, 32bp apart
Investors woke up this morning to news that Republican House speaker John Boehner and President Obama were seeing eye to eye. Had the topic been the budget deficit, this might have provoked rejoicing – but as it was on attacking Syria, markets took fright.
On such a day, the kind of corporate bond a bank wants to be leading is one rated A+ by Standard & Poor’s. Today, there were two such – both €500m 10 year issues.
Despite the similarities, the two deals were at opposite ends of the A+ credit
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