Barry Callebaut opts for Schuldscheine over bonds
Barry Callebaut, the chocolate company headquartered in Switzerland, has launched a triple tranche Schuldschein a month after a roadshow for a sustainable bond failed to produce a public market result.
BayernLB and SEB are offering lenders seven, eight and 10 year euro and Swiss franc Schuldscheine in the deal. Pricing ranges for the euro portion are 120bp-140bp, 135bp-155bp and 150bp-170bp over Euribor, and for Swiss francs 110bp-130bp, 125bp-145bp and 140bp-160bp over Euribor.This is tighter than what the ...
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