Danfoss and Coca-Cola EP bring swathe of bonds

Coca-cola Femsa, bottling, bottle, Mexico, Latam, Chicago, 575
By Mike Turner
21 Apr 2021

Danfoss, a Danish engineering firm, and UK bottling company Coca-Cola European Partners found the biggest demand at longer maturities in their multi-tranche bond issues on Wednesday, as inflation fears fade from Europe’s corporate debt market.

CCEP brought the biggest deal of the day, a four part trade.

The issuer, rated Baa1/BBB+, opened books for a 4.4 year (September 2025) at 60bp over mid-swaps, an 8.4 year (September 2029) at 80bp over, a 12 year (May 2033) at 100bp over and a 20 year ...

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