Elia and Veolia set steady tone for first week

Veolia 230x150
By Nigel Owen
07 Jan 2019

The corporate bond market saw its second day of issuance in the new year on Monday when French multi-utility Veolia and Belgian electricity grid operator Elia sold new deals.

Veolia announced a benchmark five year deal via leads Barclays, BNP Paribas, Commerzbank, Crédit Agricole and Deutsche Bank with initial price thoughts of 85bp-90bp over mid-swaps. The Baa1/BBB rated issuer had only sold one public deal with a tenor as short as ...

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