Everything Everywhere sticks to one thing in one place for bond debut
Everything Everywhere, the joint venture of France Télécom and Deutsche Telekom that is the UK’s largest mobile phone company, launched its debut bond today to an eager reception.
The 500m five year bond was launched with price guidance of 220bp-225bp over mid-swaps, which was then revised 15bp tighter, to 205bp-210bp. The deal was priced at the tight end, 205bp.
A banker away from the deal said he understood the book had reached about 4.5bn. One of the
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