Eurofins is able supporting act on science double bill

Lab work
By Nigel Owen
20 Jul 2017

Eurofins Scientific and Thermo Fisher Scientific both held investor update calls on Monday — and both announced deals on Tuesday. The science double bill proved no horror story, though, with investors clamouring for unrated Eurofins as well as Thermo Fisher’s jumbo multi-tranche deal.

Eurofins had not been to the euro corporate bond market for two years. In July 2015 it issued a 7.5 year transaction at 270bp over mid-swaps. This was trading at 140bp on Monday.

Lead managers Bank of America Merrill Lynch, BNP Paribas, Crédit Agricole, Natixis and UniCredit ...

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