Informa has market to itself for ‘good looking’ trade
The UK’s Informa brought a €500m no-grow bond on Tuesday, a deal for the publishing and events company that won praise from onlooking bankers.
The Baa3/BBB rated issuer announced an April 2028 trade at market open on Tuesday.
Initial price thoughts were mid-swaps plus 190bp area, before being whittled down to plus 165bp area, plus or minus 5bp, at guidance, and plus 150bp-155bp, will price in range, at final guidance.“They’ve got ...
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