Suez pushes maturity marker out to 15 years

By Nigel Owen
14 Sep 2017

Since the market returned from its summer break, no corporate bond issuer had printed a new deal with a tenor longer than 12 years before Wednesday. However, on Wednesday French water and waste company Suez Environnement pushed through to 15 years with a €500m trade.

Suez issued a €1.2bn eight and 12 year combination in March, and followed with a €600m hybrid trade in April. Suez has issued 15 year and 18 year bonds previously, but 12 years has been the longest tenor since 2009. The 12 year issued in March ...

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