Tank & Rast pulls in €600m of Roadster funding

Tank & Rast
By Nigel Owen
01 Dec 2017

German service station operator Tank & Rast used its Roadster Finance entity to sell a dual tranche secured corporate bond on Friday. The deal raised €600m to help refinance a secured loan.

The lead managers, BNP ParibasCrédit Agricole, Deutsche Bank and UniCredit, had arranged a roadshow earlier in the week, at which the company had stated its intention to issue two sub-benchmark tranches with tenors between seven and 10 years.

The Baa3/BBB- rated deal ...

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