Coca-Cola and Mondelez lead US names into euro market

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By Mike Turner
04 Mar 2021

Europe’s high grade corporate bond investors had their pick of US names this week, with issuers cramming in to raise €7.2bn of debt across 10 tranches.

Food and drinks maker Mondelez International, power management company Eaton Corp, travel fare aggregation company Booking Holdings, and beverage company Coca–Cola all raised bonds this week.

Rising rates in the US Treasury market have made euro funding more attractive, according to multiple syndicate bankers. However, the 10 year US ...

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