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McDonald's Taps Busy Swiss Franc Market in First Deal Since 2016.

Authors :
Martin, Ronan
Source :
Bloomberg.com; 11/12/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

McDonald's Corp. is issuing Swiss franc-denominated bonds for the first time since 2016, testing investor interest following challenges like an E. coli outbreak and disappointing financial results. The company's latest bond offerings come after reporting lower-than-expected sales in various international markets and dealing with the aftermath of E. coli infections. McDonald's joins other multinational companies in tapping into the active Swiss franc corporate bond market, with Toyota, Thermo Fisher Scientific, BP, and BMW also participating in similar transactions this year. The bond issuance is managed by BNP Paribas (Suisse) SA and Commerzbank, with pricing expected later in the day. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
180832110