IG corporates burst into primary market

EnbW sign for new website
By Mike Turner
22 Jun 2020

Europe’s high grade corporate bond market has started the week on the front foot, with a mixture of deal types for investors to snap up including a rare chance to grab yield on a green bond.

German utility EnBW was out with a green hybrid, Luxembourg satellite company SES brought a sub-benchmark sized deal and shopping centre operator Unibail-Rodamco-Westfield was in the market for a 12 year bond.

EnBW, rated A3/A-/BBB+ but issuing subordinated debt at Baa2/BBB-/BBB, gave green investors a rare chance to pick ...

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