Lottomatica, AT&T, Finmeccanica extend corporate bond flurry

28 Nov 2012

The investment grade corporate bond market kept itself busy on Wednesday, with three deals pricing to take volume so far this week to €6bn. Lottomatica, AT&T and Finmeccanica sold a total of €2.1bn of notes.

Lottomatica, the Italian gaming company, sold €500m in a seven year bond at mid-swaps plus 235bp. Initial price thoughts for the Baa2/BBB- rated issuer were 250bp over and were revised to 235bp later in the day. Final books were €5.4bn.

Bank of America Merrill Lynch (B&D), Banca IMI, Credit ...

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