European corporates keep coming

September 03, 2008 12:00 am

Deutsche Telekom will follow Tesco to the new issue market after this morning announcing a six year euro transaction. DZ Bank, LBBW and UniCredit are bookrunners on the minimum Eu500m deal, with price talk at 138bp over mid-swaps. Tesco’s generously priced Eu3bn dual tranche issue, which attracted more than Eu7bn of orders, has held around re-offer. Read EuroWeek on Friday to learn more about these transactions and the outlook for September.

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