Danaher taps week-old deal cheaply as corporate assault continues

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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 ...

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