Daa and Tele2 mandate in near-empty IG corporate market

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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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