El Corte Inglés completes placement of senior bonds
El Corte Inglés has successfully completed a placement of senior bonds worth 600 million euros. Key investors include the European Central Bank, which has acquired a significant institutional position. The operation sets a new financial milestone for the company, as it is now its second issuance with an assigned rating. This particular bond issue has been rated investment grade by rating agency Standard & Poor’s (BBB-) and Ba1 by Moody’s and BB+ by Fitch.