Whirlpool and Honeywell join caravan of US names hitting the euro market

By Mike Turner
13 Feb 2020

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 and compatriot technology and manufacturing conglomerate Honeywell international hit euros and UK utility Welsh Water hires banks for a dual tranche sterling deal.

"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 looking to print an SEC-registered single tranche deal with an eight to 10 year maturity. 

It began its roadshow ...

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