Nestlé squeezes spread to near-invisible 15bp

11 Jul 2012

Nestlé, the Swiss foods group, launched a €500m bond today that could have been designed to show off its supreme status among European corporate borrowers.

Despite having the $10bn acquisition of Pfizer’s baby food unit to finance, Nestlé has not so far launched a blockbuster bond issue – instead stepping up its usual piecemeal issuance of small, tightly priced deals.

In mid-June it brought a rare public Eurodollar issue that swelled from $300m to ...

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