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Corporate Bonds

Danone, Statkraft, Delhaize do brisk business with sensible NIPs

Europe’s corporate bond market showed a renewed vigour today as three deals were priced and a fourth announced, despite the weak secondary trading of some recent new issues. Danone, Statkraft and Delhaize, all fairly rare issuers, achieved substantial demand in three different sectors of the credit market, defined by their final spreads of 30bp, 85bp and 185bp over mid-swaps.

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