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GC Asia
Bruxelles Lambert shrugs off ECB noise, issues new bond
Groupe Bruxelles Lambert, the Belgian investment holding company, found a warm response from the bond market on Thursday, despite the potential distractions of a European Central Bank meeting being held on the same day.
GBL, bringing Thursday’s highest rated corporate deal at A1/A+, put its €500m no-grow 10 year (January 2031) on screens at 80bp over mid-swaps.
“Demand looks like it got going in the book well before the ECB meeting,” said a London banker off the deal.
The banker said the ECB’s meeting, ...Already a subscriber? Login
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