GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Corporate Bonds

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◆ French company out for four and 20 year bonds ◆ High demand split evenly between them ◆ Both tranches tighten by 42bp during bookbuilding
The industry’s obsession with appointing co-heads plays into its reputation for competition rather than cooperation
◆ UK telecom out in sterling and euro ◆ Undersupplied sterling still draws big crowds ◆ Volumes tipped to nosedive from midweek
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