GE skips US holiday to raise tight €1.25bn
GE Capital chose Presidents’ Day to launch its first fixed rate benchmark bond in euros for nearly a year, and was rewarded for working overtime with €1.25bn at what bankers said was a tight spread.
Although the US holiday was one reason bankers cited for why European issuers stayed out of the market on Monday, GE found plenty of European investors at their desks enough to amass a book of "well over 4bn", according to one of the leads.
The US industrial and
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