Kerry Group first IG borrower off the blocks after ECB meeting

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.

  • By Alex Radford
  • 13 Sep 2019

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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5 Bank of America Merrill Lynch 18,346.43 72 5.00%