MTU and Eiffage get decent books in tough conditions

By Mike Turner
24 Jun 2020

MTU Aero Engines and Eiffage were the only corporate bond issuers in Europe on Wednesday, and both succeeded, despite a soft market buffeted by sharp spikes in coronavirus cases around the globe.

MTU Aero Engines, the German aeroplane engine maker rated Baa3/BBB by Moody’s and Fitch, was being eagerly watched by some investors and bankers as one of the clearest tests yet for European investors' appetite for the air travel sector.

It got a decent reception from investors on ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial