MTN market gobbles up Big Mac

Big Mac 230x150
By Sharon Kits Kimathi
06 Apr 2017

McDonald’s has returned to the MTN market after a year-long hiatus, raising €500m with a two year floater via Goldman Sachs.

The note carries a coupon of 23bp over three month Euribor and was sold at par. The borrower is probably refinancing its last MTN: a €500m one year floater sold through Bank of America Merrill Lynch that matures in April 2017, according to Dealogic.

Bankers away from ...

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