Kerry Group first IG borrower off the blocks after ECB meeting

By Alex Radford
13 Sep 2019

The Kerry Group, the Irish Baa2/BBB+ rated food and beverage company, became the first European investment grade company to issue bonds after the European Central Bank meeting on Thursday.

Bookrunners Bank of America Merrill Lynch, HSBC, NatWest Markets and Rabobank held roadshows on Thursday for Kerry Group for a 10 year senior unsecured bond. 

“In general there was a lot of rate volatility,” said a banker away from the deal about Thursday, in the immediate aftermath of the ...

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