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Corporate BondsHybrid

Vodafone opens corporate bond season with hybrid flat to its curve

Adobe_Vodafone_575x375_24Aug2020

Vodafone, the UK telecoms company, blasted the cobwebs off Europe’s corporate bond market on Monday with the first benchmark issue in August, launching a dual tranche hybrid capital issue that garnered €7bn of demand at guidance and was priced flat to its curve, as investors snapped up higher yielding paper.

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