Galp return, Fenosa green keep corps flow hot

pulse
By Nigel Owen
08 Nov 2017

Italian corporate issuers have dominated bond issuance in recent weeks but Wednesday brought a pair from Iberia, as two energy suppliers took advantage of the market's hot conditions.

Both Portuguese oil and gas company Galp Energia and Spanish gas and electricity utility Gas Natural Fenosa had met investors on Tuesday, so buyers were primed when the deals were announced on Wednesday morning.

Galp had said it would issue a long five year euro benchmark bond. Lead ...

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