Germany: Fresenius Medical Care sells benchmark

Dialysis clinic operator Fresenius Medical Care has sold a benchmark bond into the US dollar market. It has sold US$1bn 10-year paper at 2.375%. The 2031s printed at 99.699 to yield 2.408. The total book size was US$2.8bn. Fresenius said that proceeds would be used for general corporate purposes, including the refinancing of outstanding debt….