Guala Closures roadshows as market warms to Italian high yield

Guala Closures announced plans for its second high yield bond transaction on Tuesday. The Italian bottle top maker wants to raise €275m in a seven year floating rate bond.

  • 02 Nov 2012

“The appetite of investors for this type of issuer is very high, even though they are sub-investment grade and incorporated in Italy,” said a banker close to the deal.

Besides Guala Closures, Italian drug company Rottapharm Madaus is hoping to raise €400m with a debut bond.

The same ...

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