Western Europe – Best corporate investment-gradeborrower

There have been some excellent one-off transactions in the European corporate investment-grade market in the past 12 months. German energy group E.On’s blockbuster multi-tranche deal last May, the largest ever from a European corporate, is an obvious example. Olivetti’s e400 million 30-year portion of its e3 billion multi-tranche deal in January, the first corporate euro-denominated 30-year deal, is also worthy of note. But finding a more consistently successful issuer is more challenging, particularly with the volatile market conditions that have typified much of this period.