Albéa's $150m dividend PIK toggle delayed

Albéa Beauty hopes to be the next issuer to add a PIK toggle bond to its capital structure, after the flurry of payment-in-kind structures sold this autumn. However, the deal's timetable has slipped.

  • By Stefanie Linhardt
  • 08 Nov 2013

“I wouldn’t say it’s going exceptionally well,” said one banker on Thursday.

The $150m deal for the French cosmetics packaging company was expected to be priced on Wednesday US time, but no timetable update was known when EuroWeek went to press on Thursday.

The deal is being led by JP ...

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2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

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5 Credit Suisse 41,545.25 126 5.59%