Brambles packs in another 10 year with no premium

Having made euro investors wait three years since its last deal, in 2014, Australian pallet and container provider Brambles finally returned to the single currency market on Tuesday, printing a deal with virtually no new issue premium.

  • By Nigel Owen
  • 28 Sep 2017
In 2011, the Baa1/BBB+ rated issuer sold a €500m seven year deal at 127bp over mid-swaps. The 2014 deal had a 10 year tenor and priced at 90bp. That deal had originally been marketed as a €350m no-grow deal, but the phenomenal demand  a ...

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