Nestlé issues short sterling while BMW returns to Eurodollar

Swiss food and drinks company Nestlé tapped a fourth currency market in three months on Tuesday when it printed a £500m 3.5 year bond ahead of a sterling redemption.

  • By Nigel Owen
  • 28 Nov 2017

In July, Nestlé announced a Sfr20bn (€18bn) share buy-back programme and has had a busier than usual issuance programme in the second half of 2017.

In the last three months it sold a €2bn triple tranche deal, a Sfr700m dual tranche offering and an $800m transaction. ...

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5 Deutsche Bank 11,180.50 48 5.57%