SGL Carbon, the German maker of carbon products, has released price guidance of 4.875% for its €250m high yield bond, and is expected to price its bond by about 4pm London time. The book is well oversubscribed, a banker said.
Deutsche Bank (billing and delivering), Credit Suisse, Commerzbank and LBBW are leading the deal, which has a seven year non-call three maturity and is rated B1/BB-.
The notes come alongside a new €200m credit facility with a 2017 maturity, led by the same banks.
The bond roadshow started