Thirty year euro bonds enjoy rare boom, but investors are still fussy

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By Alex Radford
05 Sep 2019

Thirty year maturities, normally very rare in the euro corporate bond market, have become remarkably popular since the dive in base rates earlier in the summer. In the past 10 days, four multi-tranche deals have been printed that included 30 years, as issuers rushed to take advantage of the exceptional conditions before the European Central Bank monetary policy meeting on September 12.

Although this is a cheaper time than ever to lock in 30 years' worth of interest payments, it has not been a completely smooth ride for some of the four who were tempted to do so.

Prologis, the A3/A- rated warehouse Reit, issued €1.8bn on Tuesday August 27, ...

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