Daa and Tele2 mandate in near-empty IG corporate market
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 ...