Owens-Illinois set to sell €330m after a day’s wait

19 Mar 2013

Owens-Illinois, the world’s largest maker of glass containers, was set to price €330m of high yield bonds this afternoon. The eight year notes for the Ohio-headquartered US business were increased by €30m and were guided in the 5% area.

Books were set to close at 3pm London and 11am New York time today (Tuesday). Owens and its lead bank Goldman Sachs postponed the bond issue for a day after the impact of the Cyprus bailout plans made markets quiver.

Owens was not the only issuer waiting out ...

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