IBM launched one of the largest euro corporate bonds of the year on Thursday, reaping heavy demand from investors who have been starved of blockbuster deals recently.
The €2.5bn seven and 12 year deal came almost a year after the Aa3/AA-/A+ rated issuer returned to the euro market with a €1bn seven year issue in November 2012, its first in the currency since 2008. That bond was priced very tightly at 20bp over mid-swaps, but
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