Kingfisher and NatGrid on buyback sprees
Kingfisher, a UK home improvement retailer, and National Grid, a utility, announced bond buybacks on Monday in a further sign that European corporate companies have ample cash on their balance sheets and little need to issue new debt.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts