Telstra, GE unfazed by bank losses
Australian telecoms company Telstra priced a Eu500m 2013 bond via BNP Paribas and JP Morgan on Tuesday, despite news of more writedowns from Deutsche Bank and UBS. GE is also in the market this morning with a five year benchmark. Barclays Capital and Merrill Lynch set guidance in the 190bp over Gilts area. Read EuroWeek on Friday to see whether more issuers profited from the newly recovered stability.
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