Diageo toasts euro market’s attractions with €1.7bn double

Diageo barrels for new website
By Jon Hay
13 May 2014

A burst of opportunistic corporate bond issues came to the European bond market on Tuesday, as issuers leapt on near-perfect market conditions after a very strong Monday, led by GDF Suez’s €2.5bn green bond issue.

While most of Monday’s €4.3bn of deals — including those of GDF Suez, Illinois Tool Works and Pearson — followed roadshows, on Tuesday only one such issuer came to market, Ingenico.

Five other deals were launched opportunistically, swelling the day’s total to €5bn.

The most eye-catching name ...

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