Experian checks credit as flurry of IG mandates hint at busy week
Experian Finance, a credit scoring company, was out in the sterling bond market on Monday as a slew of euro corporate bond mandates hit screens. But the flurry is unlikely to lift a lacklustre September and a final quarter issuance window stymied by the US election means that analysts expect euro debt volumes to be almost flat on 2019.
Japanese cigarette company Japan Tobacco, Swedish lorry maker Scania, UK data centre company Global Switch, German sportswear firm Adidas and Chinese owned Swedish automaker Volvo Car have hired banks for euro trades.
Meanwhile in sterling, Experian Finance sold a £400m five year bond.The deal started at 105bp-110bp over Gilts ...