S&B Minerals sells Greek LBO high yield bond

S and B web
By Stefanie Linhardt
31 Jul 2013

S&B Industrial Minerals, the Greek mining group, sold its debut high yield bond on Tuesday. The deal finances one of the first leveraged buyouts in Greece since its sovereign debt crisis.

The €275m of senior secured August 2020 notes were priced at par to yield 9.25% — in line with guidance. The notes traded up to around 102.25 bid on Wednesday morning, according to a banker away from the deal.

Credit Suisse was billing and delivering and joint bookrunner with ...

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