Ball cuts costs but bigger bond misses Crown’s record
Ball Corporation, a US metal packaging and aerospace technology company, took advantage low rates this week to cut its financing costs with a successful €1.3bn dual-tranche issue that was increased from €900m.
Bank of America ran the new issue as left lead, with Goldman Sachs and BNP Paribas as global coordinators.
The deal ended as a €750m 2024 and a €550m 2027, both non-call for life, pricing at 0.875% and 1.5% respectively.During bookbuilding on Wednesday, minimum tranche sizes of €450m ...
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