Metro splits opinions pricing 9.375% bond as credit hits new nadir
Metro, the German retailer, gave a fillip to the European corporate bond market on an otherwise bleak day for credit as it priced the first triple-B rated bonds since the collapse of Lehman Brothers. The issue though was seen as a step too far by some market participants, but others welcomed it as a positive sign of market development.
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