Unilabs gets €685m debut away after pulling it in June

Unilabs, the Geneva-based laboratories business, succeeded in selling its €685m debut high-yield bond on Wednesday in an intraday execution, nearly a month after pulling the deal amid unfavourable markets.

  • By Stefanie Linhardt
  • 11 Jul 2013

Bookrunners JP Morgan (billing and delivering), Lloyds, Nordea and SEB sold €355m of five year senior secured bonds with an 8.5% coupon at 98.025, to yield 9%. 

The floating rate senior secured tranche, of €130m, was priced at a coupon of 725bp over Euribor at 99.

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1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
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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