Anglo American's €750m return gets big book despite downgrade
Anglo American returned to the euro bond market today for a characteristic medium maturity deal of €750m, as issuers appeared to shake off the lethargy that left last week short of deals, despite a receptive investor base.
The UK-South African mining group, rated Baa1/BBB/BBB+, is a dollar-based company, but issues regularly in euros. It sold three euro deals of 750m last year a 10 year in March, a seven year in May and a size year in September. Despite the shortening maturities, the spreads
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