Second time lucky for Bilfinger
Bilfinger succeeded in issuing its €250m bond on Thursday, having had to pull it in October. The German industrial services group obtained a €600m book and was able to knock 37.5bp off the yield.
The issuer, rated BB by S&P, offered the €250m five year deal in October via BNP Paribas, Deutsche Bank and HSBC at a yield of 3.75%, but pulled it in difficult market conditions.The deal had been intended to refinance part of its €500m December 2019 bond, issued in ...
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