.png){kind=logo}
GC Asia
Investors pour in to Prosus’s euro debut
Prosus made a barnstorming debut outing in the European bond market after Monday’s dollar trade, with the ecommerce and investment company that straddles investment grade and emerging market investor interest seeing €13.5bn of demand for a €1bn deal.
Prosus, rated Baa3/BBB-, opened books on an August 2028 bond at 245bp over mid-swaps and an August 2032 trade at 280bp over.
The company’s CFO, Basil Sgourdos, said during investor presentations last week that he wanted to raise around $2bn between the two euro and dollar trades, and with ...Already a subscriber? Login
-
Latest news from Corporate Bonds
-
China property bond spree continues
08.15 AM -
Tower Bersama pulls tap on pricing, demand mismatch
08.00 AM -
Stabilus launches Schuldscheine as autos fine tune return
25 Jan 2021 -
EDP and Heimstaden Bostad bring hybrid risk out of the gates
25 Jan 2021 -
Investors ditch airline bonds as travel restrictions loom
25 Jan 2021
-
-
Latest news from Corporate Bonds
-
China property bond spree continues
08.15 AM -
Tower Bersama pulls tap on pricing, demand mismatch
08.00 AM -
Stabilus launches Schuldscheine as autos fine tune return
25 Jan 2021 -
EDP and Heimstaden Bostad bring hybrid risk out of the gates
25 Jan 2021 -
Investors ditch airline bonds as travel restrictions loom
25 Jan 2021
-
