KBC secures tight pricing on 'opportunistic' return to senior

By David Freitas
21 Jan 2020

Investors did not want to miss out on the senior bond marketed by KBC Group on Tuesday, as the issuer seized on strong market conditions to extend its credit curve and launch a deal at what many saw as fair value.

KBC Group opened books for a benchmark sized 10 year senior bond on Tuesday morning, with expected ratings of Baa1/A-/A.

Bookrunners BNP Paribas, DZ Bank, Goldman Sachs, HSBC and KBC circulated price thoughts of 85bp area over mid-swaps.

After 11am London time, they set ...

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