Barry Callebaut to price high yield bonds tomorrow

Barry Callebaut, the newly speculative grade-rated Swiss chocolate company, has released guidance for its $600m 10 year bond. The notes are talked in the 5.5%-5.75% area, with books closing tomorrow.

  • By Stefanie Linhardt
  • 12 Jun 2013

"It's an OK credit but the deal comes with investment grade docs and it's quite long at 10 years," said a high yield investor in London. 

High yield accounts have been a bit more cautious in the past weeks, after US Federal Reserve chairman Ben Bernanke's speech on May 22 ...

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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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