Corporate borrowers set off for 12 year debt

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By Michael Turner
04 Apr 2017

Corporate bond issuers broke into the 12 year part of the curve on Tuesday, after GlobalCapital reported at the start of the week that the maturity point was ripe for transactions.

Germany’s Deutsche Telekom, rated Baa1/BBB+/BBB+, hit screens on Tuesday with a drive-by April 2029 sterling denominated benchmark transaction. 

“Of course it’s more euros that people think of when it comes to trends in the IG market,” said a banker off the deal. “But the ...

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