Danaher taps week-old deal cheaply as corporate assault continues

By Jon Hay
03 Apr 2020

This week's intense spate of corporate bond issuance in Europe continued into Friday, though at a slightly more moderate pace, and the broadening of access continued, with the first sub-benchmark deal, for Red Electrica, the Spanish power grid. However, a Leaseplan green bond did not fly.

The most surprising arrival was Danaher, the US manufacturing conglomerate focused on life sciences, rated Baa1/BBB+. It had been, on Wednesday last week (March 25), the first US company to tap the euro market since the crisis intensified, raising €750m of four year bonds and €500m each of 6.5 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.