Prinzhorn keeps pre-summer Schuldschein rush going

Boxes 230x150
By Mike Turner
22 May 2019

Austria’s Prinzhorn Holding has launched a €200m Schuldschein, with the packaging and recycling group bringing the one of the largest deals to hit screens in a spree of deals trying to beat the summer lull

Prinzhorn is marketing five, six, seven and eight year tranches. The shortest tranche offers a spread of 85bp-95bp, the six year 95bp-105bp, the seven year 105bp-115bp and the eight year portion offers 120bp-130bp.

If Prinzhorn's  equity ratio falls below 30%, the margins will step up by 50bp.

LBBW and UniCredit ...

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