EDF’s third bond in a week wins bulging order book
Power company Electricité de France issued its third bond in quick succession on Monday, and investors piled into the book, seemingly little fazed by its heavy recent issuance.
It does not have outstanding paper at that maturity. Analysts at CreditSights said their “very rough” fair value estimate was around 170bp-175bp over mid-swaps. Not everyone agreed, with one banker calling the final spread of ...
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