Albéa's $150m dividend PIK toggle delayed

Albéa Beauty hopes to be the next issuer to add a PIK toggle bond to its capital structure, after the flurry of payment-in-kind structures sold this autumn. However, the deal's timetable has slipped.

  • By Stefanie Linhardt
  • 08 Nov 2013

“I wouldn’t say it’s going exceptionally well,” said one banker on Thursday.

The $150m deal for the French cosmetics packaging company was expected to be priced on Wednesday US time, but no timetable update was known when EuroWeek went to press on Thursday.

The deal is being led by JP ...

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2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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5 TD Securities Inc 241.54 1 3.74%