Barry Callebaut seeks $600m as US HY ails

Barry Callebaut, the Swiss-based chocolate company, is planning to raise $600m of 10 year bonds, having recently been downgraded to speculative grade. It wants to part-finance its acquisition of Petra Foods’ cocoa ingredients business.

  • 07 Jun 2013
The deal will likely be driven from the US high yield market, said a banker close to the deal, despite its recent heavy sell-off. New issue price indications in the US have widened by 100bp in the last week, said a banker away from the deal, and more ...

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2 Citi 6,449 21 10.96
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4 Barclays 4,040 11 6.87
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