UK rolling stock lessor Porterbrook Rail has offered £520
million (€628 million) of bonds to investors today (4 June),
bringing total corporate bond sales in Europe to €2.8 billion this
week, according to reports.
The sale is said to have saved issuance from falling to the
lowest ever in Europe this week after a record low in the week
beginning 16 May.
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Prior to this, deals from Air Liquide, the world’s largest
producer of industrial gases, and state owned German rail company
Deutsche Bahn, on 2 and 3 June, had failed to keep issuance from
heading towards a total short of €2.1 billion.
Derby-based Porterbrook reportedly priced two portions of bonds
with different maturities, although it is believed an official
announcement has yet to be made.
Claire Hack
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