Tough day for RCI, Accor as bonds fail to tighten

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Tough day for RCI, Accor as bonds fail to tighten

Vallourec’s bond issue may have gone well on Tuesday, but for the other corporate issuers in euros and sterling it was a much rougher ride. Accor launched a €150m tap and RCI Banque a £250m sterling three year, but neither managed to tighten pricing from their initial thoughts.

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