High-Grade Firms Snap Week-Long Europe Debt Market Absence
Ahold Delhaize, a Dutch-Belgian multinational retailer, is offering a two-year floating rate note and an eight-year green tranche on Thursday, while Fidelity National Information Services Inc.
Photographer: Milan Jaros/BloombergBorrowers including Baker Hughes Co. on Thursday offered Europe’s first high-grade corporate debt deals in a week, as activity cranked up following several days of near standstill because of conflict in the Middle East.
Four non-financial borrowers raised euro currency debt, led by Baker Hughes with a four-part offering, according to people with knowledge of the matter, who asked not to be identified as the information is private. The sales were the first from high-grade corporates since Feb. 26, according to data compiled by Bloomberg.