Ineos skips clear with 10x subscription
Ineos, the UK chemicals company, priced its long-awaited Eu740m-equivalent US dollar and euro high yield bond on Wednesday, managing to steer clear of the intensifying market turmoil sparked by the sovereign debt crisis.
Bankers and investors were impressed with the demand the issue attracted the deal was 10 times covered and by its healthy performance in the secondary market.
Barclays Capital and JPMorgan were the left leads and physical bookrunners on the offering. The deal was split between a
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