Colgate Palmolive and Boston Scientific join November Reverse Yankee flurry

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By Mike Turner
07 Nov 2019

Colgate Palmolive and Boston Scientific Corp printed €1.9bn of bonds this week, the latest US companies in the line to issue euro debt.

Colgate Palmolive, rated Aa3/AA-, announced a €1bn no-grow trade, split equally between two and 20 year tranches, early on Monday.

The 2021 tranche came with initial price thoughts of mid-swaps plus 40bp area, while the 2039 came at plus 80bp-85bp.

Guidance was refined by late morning to mid-swaps plus 15bp-20bp ...

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