Engie green offering breaks Danone’s records as hybrids return

Jean-Paul COMPARIN/Jean-Paul Comparin - stock.adobe.com

On Tuesday multi-tranche and green bond issuance returned to the investment grade corporate bond market, leaving just the hybrid asset class untouched in 2018. That didn’t last long, as Engie and Aroundtown launched new hybrid deals on Wednesday morning, one of which set new lows for the product's coupon and spread levels.