BG gets €500m and £600m hybrid as Greece gropes for stability

17 Jun 2012

BG Group, the UK natural gas company, launched its first hybrid bond today, taking advantage of markets feeling a modicum of stability after Greece’s election result appeared to open the way to a pro-bailout coalition.

“It’s been a very successful deal,” said Charles Stewart, head of funding and investment at BG Group in Reading. “If you aggregate the sterling and euro books we had about $3bn of demand and we took $1.5bn, which was our target size for these currencies.”

As EuroWeek reported when ...

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