Securitas hops in with sub-benchmark

Secured 230x150
By Ross Lancaster
09 Mar 2016

Swedish security services provider Securitas made a late entrance to the euro bond market on Tuesday with a €350m six year offering, getting in ahead of the Thursday’s European Central Bank (ECB) meeting.

The issuer, rated BBB by Standard & Poor’s, made a later start to the day, sending the deal to screens in mid-morning. Securitas had only mandated for the deal late on Monday and initially had not looked likely to go to market until Wednesday. But it sped up ...

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