Iliad offers longer and larger unrated telco deal

Nigel Owen

October 05, 2017 02:00 pm

Xavier Neil — Xavier Niel, Deputy Chairman of the Board of Directors and Chief Strategy Officer for French Internet service provider Iliad trading under the Free brand, speaks during a press conference about new Free mobile phone subscriptions in Paris, France, on january 10, 2011. Photo by Stephane Lemouton/ABACAPRESS.COM # 303797_002 | Lemouton Stephane/ABACA/PA Images

On Thursday the European corporate bond markets had two new telecoms deals to consider. In the investment grade sector, unrated French issuer, Iliad, equalled its largest and longest transaction to date. The seven year trade was the shorter deal on offer, with sub-investment grade Telecom Italia opting for a 10 year tenor.

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Topics

BNP Paribas News content Natixis Europe Crédit Agricole France Euro EMEA HSBC Corporate Bonds Société Générale

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Nigel Owen