Syngenta waits in the wings as Grand City rides wave of hybrid demand

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By Nigel Owen
17 Apr 2018

German residential property company Grand City Properties brought its third corporate bond deal of 2018 to the market on Tuesday, while the return of seed company Syngenta with a jumbo multi-tranche deal neared.

Grand City chose to ride on the coat tails of Unibail-Rodamco’s successful hybrid deal with its own €350m hybrid offering.

Grand City had sold euro and Swiss franc deals earlier in 2018, before announcing an expected €300m hybrid new issue with a perpertual non-call 5.5 year ...

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