Jaguar roars first euros, book six times oversubscribed
UK premium car maker Jaguar Land Rover on Thursday sold its first euro bond at one of the lowest coupons seen in the high yield market in the last two years.
“The market has had as good a start as one could hope for,” said a head of syndicate before Jaguar priced its new €650m seven year senior unsecured bond on Thursday afternoon.The bond was increased from €500m, and came at 2.2%. Only three other issuers have managed ...
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