VTG sells hefty Euro and US PPs

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By Silas Brown
05 Oct 2020

German railway wagon lessor VTG has sold €550m of private placements to institutional investors in Europe and the US, according to market sources. More and more, US PPs are being marketed to traditional Euro PP investors.

ABN Amro, BNP Paribas and Crédit Agricole arranged the deal, according to market sources, which was initially offered in amortising and bullet structures.

In the end, the deal was priced with 12, 15 and 20 year bullets: a €200m 12 year tranche with a 1.45% coupon, a €260m 15 ...

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