Logicor short tenor drums up demand

Blackstone
By Alex Radford
25 Apr 2019

Logicor’s dual tranche issuance received a mixed reception on Thursday, as the European real estate and logistics company reopened an old note and offered investors a new bond as well.

On Thursday, the issuer, rated BBB by S&P, offered the deal with an expected €500m two year new issue and a €200m 9.5-year tap. 

Bookrunners JP Morgan, Morgan Stanley, Goldman Sachs, UBS, BNP Paribas and Bank of China, gave initial price thoughts of 100bp over mid-swaps for the two ...

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