Barry Callebaut seeks $600m as US HY ails

Barry Callebaut, the Swiss-based chocolate company, is planning to raise $600m of 10 year bonds, having recently been downgraded to speculative grade. It wants to part-finance its acquisition of Petra Foods’ cocoa ingredients business.

  • 07 Jun 2013
The deal will likely be driven from the US high yield market, said a banker close to the deal, despite its recent heavy sell-off. New issue price indications in the US have widened by 100bp in the last week, said a banker away from the deal, and more ...

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1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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5 Credit Suisse 30,239.23 97 5.45%