E.On opens new age of negative corporate bond yields
E.On, the German electricity company, ended Europe's summer lull in investment grade corporate bond issuance on Wednesday, and opened a new era in pricing, with the first ever five year bond at a negative yield. And E.On is only rated triple-B.
The €1.5bn five and 10.5 year green bond was the market's first deal since Daimler’s €3bn four trancher in early August.E.On had not issued since a €2bn note in May 2017. The company has been reshaped through a complex M&A deal involving RWE and Innogy as a player ...
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