Steinhoff makes itself comfortable in euros
Steinhoff Europe, the furniture maker, made its debut in senior euro corporate bond markets on Monday, and was the only issuer to offer investors a transaction on the day. The €800m 7.5 year deal followed a European roadshow last week.
The roadshow for the Baa3-rated issuer was well attended, with Steinhoff having informed investors of its intention to issue a benchmark six year to nine year bond. BNP Paribas, Crédit Agricole and HSBC were the global co-ordinators.
Steinhoff Europe is a wholly owned subsidiary of Steinhoff International
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.