Whirlpool and Welsh Water head out on bond roadshows
High grade corporate bond investors in Europe will have a range of names to pick from in the coming days, as US white goods maker Whirlpool mandates for euros and UK utility Welsh Water hires banks for a dual tranche sterling deal.
The mandates come as telecoms companies from the UK, with BT, and the US, with AT&T, announce hybrid issues.
"The market is very strong still," said a debt capital markets banker away from the trades. "The coronavirus has had minimal effect on European corporate credit spreads."Whirlpool, rated Baa1/BBB/BBB, is ...
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