Engie twice oversubscribed in quiet IG corp market

By Alex Radford
14 Jun 2019

Engie, the French electricity and gas group rated A3/A-/A, chose an otherwise quiet Friday in the European corporate bond market to issue a €1.5bn eight and 20 year green bond. The deal was more than twice oversubscribed.

“Quite a few issues have come this week,” an investor said. “But that's been met with quite a significant amount of demand as well. It feels like money is coming into the asset class. Some of it's probably from government bond investors moving into credit, and investment grade ...

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