All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
Corporate Bonds

Smurfit Kappa’s FRN enables it to shave 25bp off margins as bonds replace loans

Smurfit Kappa made its floating rate bond debut on Tuesday, only two weeks after selling €200m and $300m of fixed rate bonds. The new senior secured FRN was priced with a coupon below that of its recently extended term loans.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree