LafargeHolcim reopens corporate market in Europe a week earlier than expected
LafargeHolcim on Tuesday became the first issuer for nearly two weeks to launch a corporate bond in Europe. The €750m 12 year deal received strong demand, with order books more than three times subscribed.
“There are always some issuers who want to get ahead of the pack,” said a syndicate banker on the deal. “Pretty much all the investors were around, so we decided to get the trade done rather than wait till September, and it proved to be the right call.”...
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