Unrated Dürr guides market towards double-B pricing

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By Mike Turner
08 Oct 2020

Dürr, the unrated German mechanical and plant engineering firm, is guiding investors on its final day of marketing towards it issuing a €250m bond with a yield aligned to issuers in the double-B ratings bracket.

Dürr told investors on Thursday that it is planning a bond with an expected 7.25 year maturity, which would be around January 2028. The initial yield thoughts were somewhere around mid to high 3% area, leads on the deal said.

The “roadshow is ongoing with further one to one ...

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