ZF Friedrichshafen gets €9.2bn book for multi-trancher

By Mike Turner
14 Oct 2019

Germany’s ZF Friedrichshafen set final terms on a multi-tranche €2.7bn bond on Monday, with the car parts maker seeing far more demand at wider spreads than where it raised a similar amount in the Schuldschein market in recent weeks.

ZF Friedrichshafen, rated Baa3/BBB-, hit screens first thing on Monday with a four tranche euro trade split between four year, long six year, eight year and 10 year maturities.

The October 2023 bond started at initial price thoughts (IPTs) of mid-swaps plus 215bp area, the February 2026 at plus ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.