Rare Compass impresses with €500m, £250m
Compass Group, the UK catering and services company, is a rare visitor to the bond market, not having issued since January 2012. On Friday June 13 it returned with a rare dual tranche deal in euros and sterling.
On June 2 the company, rated Baa1/A, announced a roadshow to euro and sterling investors, via Barclays, Bank of America Merrill Lynch, Citigroup and HSBC.
The deal was prompted by Compass's wish to finance two-thirds of a £1bn special dividend – a shareholder-friendly move that might have been expected ...Already a subscriber? Login