Corporate issuers enjoy central bank friendliness
Central bank utterances this week, including a keynote speech by Mario Draghi, president of the European Central Bank, on Tuesday and a Federal Open Market Committee meeting due on Wednesday, have done little to deter corporate bond issuance in Europe this week — in fact, they appear to have encouraged it.
Despite the Fed meeting on Wednesday afternoon, Dutch-Belgian supermarket group Koninklijke Ahold Delhaize (Baa1/BBB) has announced an expected €500m six year sustainability bond. The deal follows recent sustainability bonds issued by other retailers: Otto of Germany and the Co-op in the UK.Bookrunners Bank of America Merrill Lynch, BNP ...
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