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GC Asia
Nestlé wakes sleepy Eurodollars for $650m
The Eurodollar bond market is misty and unreliable terrain, but the expert navigator is Nestlé. The Swiss foods group proved its sure command of the territory on Wednesday with a $650m issue – the first in the market for about eight months.
BP explored bringing a Eurodollar issue in September, but did not do so. One banker said that deal’s failure to fly might have made other issuers and banks nervous about the market. But a banker who worked on BP’s deal said: “It was two days before Verizon [issued
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