Monday, June 25, 2007

Enel, BT, Ericsson Drive Surge in Bond Issues to $22 Billion This Month

(Bloomberg) -- Enel SpA, Italy's largest utility,
and BT Group Plc, the biggest U.K. phone company, led $22 billion
of European bond sales in the busiest month this year as
borrowing costs rise.

Debt sales this month already beat the $21.3 billion during
all of May and are the highest since the $28.9 billion issued
last November, according to data compiled by Bloomberg.
Steelmaker Arcelor Mittal and Europe's largest mobile-phone
retailer Carphone Warehouse may add to the total before month-
end, according to banks managing the deals.


Read more at Bloomberg Bonds News

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