Capgemini M&A Jumbo Debt Raise Is Getting Big Investor Bids
Capgemini SE, the French multinational information technology (IT) services and consulting firm, has received a massive investor response for its €4 billion four-part bond offering. The bond issue, which is the largest deal in Europe's primary market, has attracted over €17.4 billion ($20.6 billion) of investor bids. This marks Capgemini's return to the bond issuance market after more than five years. The bond offering is likely related to the company's recent acquisition activities, as it seeks to finance its growth and expansion plans. The strong investor demand for Capgemini's bonds reflects the market's confidence in the company's financial stability and growth prospects. The large oversubscription suggests that investors are willing to invest in Capgemini's debt, which could provide the company with favorable financing terms and support its strategic initiatives.
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