THE INVESTMENT grade Yankee bond market finally re-opened this week after months of shutdown, with a $500m five year offering by Dutch chemical company Akzo Nobel. The deal, underwritten by ABN Amro and Warburg Dillon Read (joint leads, joint books), attracted more than 140 accounts and was priced at the tightest end of its 155bp to 160bp spread talk, which was narrowed from an initial price guidance of 162.5bp to 175bp.
November 06, 1998