UK travel company Thomas Cook's inaugural visit to the debt capital markets proved a successful one. Its dual currency euro/sterling issue closed with impeccable timing, just before a Greek tragedy and a UK farce. The relief in Paul Hollingworth's voicernis tangible. The chief financial officer of Thomas Cook is explaining the timing of the UK travel company's successful inaugural bond issue to The Banker. The dual currency euro/sterling deal closed in mid-April, only weeks before the Greek fiscal crisis hit its nadir, sending Shockwaves through European debt markets, and just ahead of the UK's inconclusive general election.
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