NTT dials in blowout transatlantic trade

Nippon Telegraph & Telephone Corp (NTT) had a storming outing in the bond markets this week, easily raising €1bn in Europe and $8bn on the other side of the Atlantic to refinance M&A bridge debt.
NTT, rated A with S&P, opened books in Europe on a March 2025 trade at 60bp over mid-swaps and a March 2030 trade at 70bp over. Bank of America, Goldman Sachs, JP Morgan, Mizuho, Morgan Stanley, Nomura and SMBC Nikko ran the deal.
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