Carrefour takes lion's share, SBB gets by

Carrefour_PA_230x150
By Alex Radford
07 May 2019

After a couple of slow weeks for corporate bond issuance in Europe, the pace quickened somewhat on Tuesday, with two €500m no-grow issues. One was from a familiar name - Carrefour, the French supermarket chain - the other from a new one, Samhällsbyggnadsbolaget i Norden, a Swedish residential property company founded only in 2016.

Carrefour has emerged from some of its difficulties to be the "most stable" of the big French retailers, a banker said, while Auchan, which a few years ago looked stronger, has migrated down the credit scale.

On Tuesday Carrefour, rated Baa1 (negative)/BBB/BBB+, set out to raise €500m of eight ...

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.