Auto supplier Standard Profil tests high yield market

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By Silas Brown
27 Apr 2021

Standard Profil, the auto supplier which makes sealing for cars, was in the bond market on Tuesday looking to sell €275m of five year notes.

Morgan Stanley and Credit Suisse were physical bookrunners, announcing small group meetings for investors between Tuesday and Thursday, with pricing expected on Friday. The debt will be in senior secured format and guaranteed by some of Standard Profil’s subsidiaries. The issue's expected ratings are B3/B-. 

Standard Profil, which ...

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