GN Store Nord chooses Black Friday for stealthy bond

GN Store Nord hearing aid or headset from co media gallery 230x150
By GlobalCapital
29 Nov 2019

GN Store Nord, the unrated Danish maker of hearing aids and headsets, launched a €200m-€250m four year bond today under its newly established Euro-MTN programme.

Bookrunners BNP Paribas and Nordea launched it with initial price thoughts of 140bp over mid-swaps. With an orderbook of €625m, guidance was set at 120bp plus or minus 5bp. 

The deal was then finalised as €220m with a 0.75% coupon, at 110bp over mid-swaps.

The proceeds will be ...

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