Publicis, BMW come tight despite deal spate

BMWlogo_alamy_230x153
By Alex Radford
05 Jun 2019

Investors proved their appetite for corporate bonds this week by gobbling €5bn of them on a single day, as Publicis Groupe and BMW issued jumbo deals on a second consecutive day of heavy issuance in Europe.

Publicis Group, the French advertising and PR agency, borrowed €2.25bn on Wednesday to finance an acquisition and BMW €1.75bn, and there were two smaller deals.

“We are facing a concentration of these deals all in the same day,” a banker said. “And it’s not good to have a lot ...

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.