KBC secures tight pricing on 'opportunistic' return to senior

KBC_Adobe_575x375
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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.