Rating: Baa1/A-/A
Amount: €1bn
Maturity: October 18, 2021
Issue/reoffer price: 99.088
Coupon: 2.5%
Spread at reoffer: mid-swaps plus 108bp
Launched: Monday February 10
Payment date: February 18
Sole books: Goldman Sachs
Market appraisal:
“…to me it’s coming pretty much flat. They have a 2020 that was trading at 105bp over mid-swaps before the new deal was announced.”
“…slim premium ...Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.