Top rated telcos Belgacom, Swisscom fêted

By Jon Hay
28 Mar 2014

It is not every day that two of the top Belgian corporate credits are in the bond market on the same day, but that happened on Wednesday. As one banker joked, the Belgian corporate market had been boosted by President Obama’s visit to Brussels that day.

Belgacom issued that day, as well as Anheuser-Busch InBev.

Owned 53% by the Belgian state, Belgacom is one of the best rated telecoms credits, at A1/A (both stable). It is also a rare borrower and can count on a strong reception. The same is true of Swisscom, which ...

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