PSA, Terna ultra-tight, Voest gets bijou book
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Corporate Bonds

PSA, Terna ultra-tight, Voest gets bijou book

Terna logo from Alamy 230x150

Four new corporate bonds hit the market on Wednesday. In a change from recent days, all the deals were of moderate size and single tranched. Terna, the Italian grid operator, and Banque PSA France were typical in launching €500m no-grow deals. Book sizes diverged strongly, with those two issuers getting heavy oversubscription, while Aroundtown and Voestalpine had much less.

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