ASML heads out for 10 year euros

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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