GBL-Suez adds to exchangeable action
The fifth deal of last week, a €400m exchangeable from Groupe Bruxelles Lambert into Suez Environnement, was priced on Friday by joint bookrunners BNP Paribas, Deutsche Bank and Morgan Stanley.
The unusual Friday launch of the GBL-Suez bonds came after a strong response to pre-sounding on Thursday, even after $1.7bn of supply earlier in the week from four other deals.
But while new issue demand remained strong and allowed the deal to be priced towards the low end of
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.