ASML heads out for 10 year euros

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By Mike Turner
17 Feb 2020

ASML Holding, the Dutch lithography systems company, visited the euro bond market on Monday, as the bid for corporate credit remains strong, heading towards a March that is expected to be very busy.

ING, JP Morgan, Rabobank and SMBC Nikko ran the books.

The A3/A- rated issuer launched a 10 year euro benchmark at initial price thoughts of 65bp over mid-swaps.

Books rose to around €2.6bn by the time guidance was set at 45bp. At the same time, the size was set at €750m.

"The market ...

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