Compass cooks up tasty combo for bond and equity investors
Compass Group, the UK food service group, offered investors a choice of main courses on Monday, combining a €750m seven year bond with a £300m 12 year. Demand was plentiful for both and the new issue premia were minimal.
Bank of America Merrill Lynch, Barclays, Citigroup and HSBC led the deal, after a roadshow across Europe and the UK last week.
Some of the proceeds will be used to fund a £1bn special dividend for Compass Group shareholders, which will be paid on July 17. Compass announced
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