Wienerberger reaches goal of broad distribution with mere €300m deal

12 Apr 2013

Wienerberger, the Austrian company that is the world’s largest brickmaker, brought its roadshow to fruition on Thursday with a €300m bond that satisfied its ambition to distribute a deal broadly, outside its home investor base of the retail-dominated Austrian market.

Rated Ba2 with a negative outlook, the company has issued several times before, usually at sub-benchmark sizes, and in a variety of formats including a hybrid, a Belgian-targeted retail bond and several domestically focused issues.

This time, it employed Commerzbank and Raiffeisen Bank International to take it on ...

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