Fresenius back already for €300m 10yr

By Stefanie Linhardt
31 Jan 2014

High yield darling Fresenius was back in the market on Tuesday — after less than three weeks. The German healthcare company sold an increased €300m 10 year bond, which despite market flutters, traded up.

Bookrunners Deutsche Bank (billing and delivering), BNP Paribas, Credit Suisse and RBS announced a €200m transaction in the mid-swaps plus 205bp-225bp area on Tuesday and increased the size by €100m when setting the final yield at 4%. The senior unsecured bond is rated Ba1/BB+.

A banker close to ...

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