Grenke gets wider bid than usual as Lagardère nears
Grenke Leasing, the German office equipment leasing company, raised €125m today in a typical small bond issue, aimed partly at retail investors. The deal attracted wider interest than usual for a Grenke deal, as some bigger fund managers got involved.
The absence of other deals in the euro corporate bond market today helped investors focus on a small issue. Deal flow is expected to pick up next week, provided there are no news shocks from the EU leaders summit that begins on Thursday.
Next out, however, may be Lagardère,
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