Constantia Industries looks to 10 year for Schuldschein

Covestro factory from media gallery 230 x150
By Mike Turner
13 May 2019

Austria’s Constantia Industries has launched a €75m multi-tenor Schuldschein. The industrial and commercial materials company will potentially stretch the maturity out to as long as 10 years.

Constantia is offering a five year tranche at 80bp-95bp over benchmarks, a seven year at 95bp-110bp over and a 10 year that may be added on investor request. 

The tranches will come either over Euribor on a floating basis or be fixed over mid-swaps, and both feature a ...

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