Drug packager Gerresheimer launches Schuldschein

By Silas Brown
18 Aug 2020

German drug packaging manufacturer Gerresheimer launched a Schuldschein on Tuesday, according to market sources, ahead of €190m of debt maturing this November.

Commerzbank, LBBW and UniCredit are leading the transaction, which has an initial target volume of €150m, offering investors three, five and seven year fixed and floating rate tenors.

Pricing ranges are 95bp-115bp, 130bp-150bp and 150bp-170bp, according to a term sheet seen by GlobalCapital, priced over mid-swaps for fixed and six ...

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