GN Store Nord chooses Black Friday for stealthy bond
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 ...