Daa and Tele2 mandate in near-empty IG corporate market

By Mike Turner
26 Oct 2020

Daa, the operator of two Irish airports, and Swedish telecoms company Tele2 have mandated for bonds, as the market goes into near-hibernation during corporate earnings blackouts.

Daa, rated A-, is looking at printing a €500m trade at either a 10 or 12 year maturity. 

The borrower is holding investor calls on Monday. Daa owns and operates Dublin and Cork airports. 

Daa’s rating was cut by a notch in July amid sweeping actions from S&P on seven ...

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