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Headline: Investors look for safe story Source: Euromoney Date: February 2001 Author: Antony Currie Best High Grade issue Issuer: Conagra Amount: $1.65 billion Date: September 15 2000 Bookrunner: Merrill Lynch Conagra’s multi-tranche $1.65 billion deal was just what investors were looking for. Here was a high triple-B-rated company, in a stable industry which taps the debt markets only infrequently – its last deal was in October 1998. And the timing was right for investors as well. “Investors were looking for a company where they knew they wouldn’t stay awake at night worrying about the credit risk,” says Paul Nagle, managing director of debt capital markets at Merrill Lynch. |
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