HOW TO STIR IN THE OIL
Two weeks before Enterprise Oil’s 50 pounds sterling million Eurobond issue, Justn Welby, group treasurer at Enterprise, felt that the market was “getting interesting”. He called in Schroder’s to lead manage the issue, agreed on the terms, and waited. “We had a couple of weeks’ discussion with them — got things more or less lined up, then just waited for the day that seemed right and jumped.”
At 9.30 on the morning of April 8, Welby phoned Schroder’s and suggested that the time had come to launch the issue.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
