Fallen angel K+S swoops down on HY

Mineral powder 230x150
By Victor Jimenez
30 Mar 2017

K+S, the German potash processor and mining group, launched on Thursday its first bond since losing its investment grade ratings.

The company wanted to take advantage of market conditions now to refinance a bond maturing next year, Burkhard Lohr, K+S CFO told GlobalCapital.

“We believe the current market environment is perfect to refinance this early,” he said. 

The maturing issue is a €500m senior unsecured issue printed in ...

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