Lethargy vanishes as investors flock to Unilever’s return

Unilever Knorr stock cube
By Jon Hay
29 Jul 2013

Unilever, the UK-Dutch consumer goods group, today launched its first bond in euros for five years and enjoyed very strong demand, raising €750m at what bankers said was a spread more suited to a double-A rated issuer than its own A1/A+/A+ ratings.

Corporate bond issuance has been winding down in Europe since mid-July, leaving bankers looking wistfully at the busier US market. “Europe seems to not really care,” lamented one syndicate official last week. “It’s unbelievable – you’d think with the market in reasonable shape, people would want to get ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial