Metso, Neste smaller trades find space on rip-roaring day

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By Michael Turner
01 Jun 2017

Sub-benchmark transactions made up a chunk of Wednesday’s busy euro primary market, with Metso Corp and Neste bringing bonds for less than €500m.

Finnish industrial machinery company Metso Corp, rated BBB by S&P, announced a €300m seven year note at initial price thoughts of mid-swaps plus 95bp-100bp.

The deal, a rare outing for the issuer, was launched alongside an any-and-all-tender offer for its €400m 2.75% 2019s that were printed the last time ...

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