Asahi gets the fourth round in as triple-Bs pay up
On Monday, Japanese brewer Asahi Group brought the fourth European bond issue by a beer producer in Europe in 2017. The €1.2bn dual tranche offering was the largest of four new issues in the euro corporate bond market, all of which were rated triple-B and paid double digit new issue premiums.
Asahi roadshowed its debut euro bond last week with lead managers BNP Paribas, Citi, JP Morgan and Nomura. The Baa2 rated company was clear from the outset that it was looking to raise €1.2bn, split equally between four year and eight year tenors.
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.