FSFs move east as Wienerberger eases its maturity profile

Austria’s Wienerberger has signed Eu124m of forward start facilities in a sign that the refinancing instrument is still spreading to other parts of Europe. The borrower, the world’s largest brick maker, achieved its aim of extending 80% of two its tranches after the deals closed oversubscribed.

  • 21 Apr 2009

Most of Europe’s forward starts have so far been confined to borrowers in Spain, the Benelux, Italy and the UK, and the deal is a first for Austria.

Wienerberger, rated Baa3/BBB-, has extended for three years Eu106.4m of a Eu133m loan maturing in June 2010, and has also ...

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2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
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1 Bank of America Merrill Lynch 18,561.02 56 11.69%
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