Aeroports de Paris on screens as investors look for hairier destinations
Corporate borrowers are pumping out new bonds this week and on Thursday it was the turn of some of those worst hit by the Covid-19 pandemic, as investors have felt emboldened enough to look further down the credit curve each day this week. Aeroports de Paris is on screens, as investors credited central bank intervention with bolstering the market.
Single-A rated Aeroports de Paris was not the only French credit doing a deal. Industrial gas company Air Liquide (A3/A-), industrial goods company Saint Gobain (Baa2/BBB) and water utility Suez (Baa1) were all marketing trades.Elsewhere, Dutch food retailer Ahold Delhaize, rated Baa1/BBB, and US machinery company John Deere, ...
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