Corporate hybrids back as Alliander mandates
Dutch utility Alliander, rated Aa3/A, has mandated Citi, Morgan Stanley and Rabobank for a hybrid bond and will start a roadshow on November 1. Corporate hybrids suffered in the fortnight after RWE printed a Eu1.75bn deal five weeks ago, with many falling below their reoffer prices. But given the market’s stability in the past two weeks, the instruments are back on the agenda. Read more in EuroWeek on Friday.
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