Gestamp closes as Schuldschein spreads toward Italy and Spain
Gestamp, the Spanish automotive engineering company, has closed its Schuldschein with indications of a final size at about €180m. Market players believe that Spain and Italy may be the next key sources of growth in the years to come.
BayernLB, Commerzbank and UniCredit began marketing the transaction in early September, offering three and a half, five and six and a half year debt at pricing ranges of 185bp-205bp, 210bp-230bp and 240bp-260bp respectively.The initial size was €100m but that rose to firm orders of roughly €155m by ...
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