Coca-Cola, Digital Realty lead Reverse Yankee raid

By Mike Turner
14 Sep 2020

US companies visited the euro bond market on Monday, with multi-tranche issues from drinks company Coca-Cola and real estate investment trust Digital Realty, which brought a rare floating rate note in euros.

Coca-Cola, rated A1/A+, opened books on an 8.5, 12.5 and 19.5 year deal on Monday. 

The 19.5 year portion hit a sweet spot for investors looking for duration, according to a London syndicate banker off the deal.

“People are looking for maturity and yield,” he said, “but once you get ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial