Nestlé returns to Eurodollars, cuts a third from spread

Nestle KitKat from PA 230x150
By GlobalCapital
02 May 2017

Nestlé made its second visit of 2017 to the Eurodollar bond market on Tuesday, issuing a $300m five year that it managed to price 19bp tighter than a similar deal in January.

The Swiss foods group, rated Aa2/AA, is one of Europe’s select group of companies, mostly with strong name recognition, that uses the Eurodollar market, which is dominated on the investor side by retail and private wealth money.

Nestlé is one of the most regular issuers and had printed ...

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