Eutelsat sells €300m 10 year with no new issue premium
Eutelsat, the French satellite operator, sold a 10 year bond through its secondary curve on Monday. The €300m of October 2022 notes came at mid-swaps plus 147bp with a 3bp negative new issue premium.
Arrangers Crédit Agricole and Société Générale amassed a 1.5bn book and priced the senior unsecured notes with a 3.125% coupon at 99.148.
"Conditions were great today," said a banker at one of the bookrunners, adding that it was helpful that no other investment grade issuer was in the
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