Arcelor, Coke Hellenic and Moody's make triple-B bonanza

ArcelorMittal steel plant from Adobe 15Nov19 230x150
By Mike Turner
14 Nov 2019

A trio of triple-B rated companies brought bond sales totalling €2.75bn on Thursday, as a primary market abuzz with official stimulus roared towards the year's close.

Luxembourg steel company ArcelorMittal, rated Baa3/BBB-/BBB-, printed €1.5bn of bonds, split evenly between 3.5 and six year tranches. 

Moody’s Corp, rated BBB+/BBB+, continued the popular Reverse Yankee trade of recent weeks with a €750m long 10 year trade and Switzerland’s Coca-Cola Hellenic Bottling Co, rated Baa1/BBB+, issued €500m of ...

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