Nestlé takes well trodden Eurodollar path for tight print

Nestle KitKat Shop
By Nigel Owen
09 Nov 2017

In recent months Swiss food group Nestlé has extended its euro corporate bond curve with some of its largest ever deals, after it started a Sfr20bn share buy-back programme in July. However, on Thursday it printed its third Eurodollar deal of 2017.

For the fifth time running with a Eurodollar deal, Nestlé went for a five year maturity.

Lead managers Credit Suisse, Deutsche Bank, RBC Capital Markets and TD Securities launched it with initial price thoughts of high 40s over mid-swaps.

The two most recent Eurodollar ...

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