E.On breezes through as market looks for ECB activity
Germany’s E.On came with a €500m no-grow 2031 trade on Thursday, as corporate bond syndicate bankers said it was still too early to judge the scale of the European Central Bank’s bond buying programme.
The electricity company, rated Baa2/BBB, announced initial price thoughts of mid-swaps plus 90bp-95bp area on the deal.
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