Unibail squeezes new issue premium with shorter bond

Unibail-Rodamco, the French property company and leading European bond issuer in its sector, brought its third issue of the year on Tuesday and chose a five year maturity, shorter than its two previous deals and in a part of the curve that has been a little undersupplied recently.

  • By Jon Hay
  • 04 Oct 2013
The A/A+ rated issuer’s deals usually go well, but Tuesday’s sale was surprisingly strong. “We were definitely looking at the market a bit more carefully today, because of the US and Italian situations, but despite those the market seems supportive,” said a banker at one of Unibail’s leads. ...

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