Despite price sensitivity, Coca-Cola European Partners gets negative NIP

Coca-Cola 230x150
By Alex Radford
10 Apr 2019

Corporate bond investors in Europe are showing a bit more willingness this week to say no to ultra-tight pricing, but not in sufficient numbers to prevent issuers getting what they want.

The order books for deals for Glencore, Telecom Italia and Coca-Cola European Partners all shrank in response to the final terms on Tuesday. 

But it hardly mattered. One of the leads on Telecom Italia's €1bn six year bond said its 2.875% yield had incorporated a new issue premium of ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.