JAB dual tranche bond nudges curve steeper

Bond_Adobe_230x150
By Mike Turner
10 Dec 2019

JAB Holding, the consumer products holding company, steepened its credit curve this week with its dual tranche bond, as it preferred securing demand over squeezing investors on pricing.

The Baa1/A- rated company, which is privately owned by the Reimann family, printed €1.5bn split evenly between eight and 20 year maturities on Monday.

“It went really well,” said a banker at one of the leads, BNP Paribas, HSBC, ING, SEB and UniCredit. “They were pragmatic about it – ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial