Volvo and Heineken show the way

Beer
By Frank Jackman
09 Jul 2019

A pair of rare European companies placed large MTNs through Deutsche Bank on Monday. Investors poured into in a seven year tap by Heineken, while Volvo revved in with a 10 year dollar note.

Heineken reopened its 1% May 2026 bond for €200m, taking the amount outstanding to €1bn. The issue price was not disclosed.

“It looks like what’s happening at Deutsche Bank hasn’t had much of an impact,” said a banker away from the deal, referring to the bank’s announcement this week ...

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