Italcementi looks for five year high yield bonds

13 Feb 2013

Italcementi, the Italian building product maker and fallen angel, is planning to issue at least €350m of five year bonds, having finished a roadshow in Milan this morning.

Rated Ba2/BB+, the company met over 150 investors in London, Paris, Germany and Milan during meetings arranged by Banca Imi, BNP Paribas, Crédit Agricole, Natixis and UniCredit.

Bookrunners are taking indications of interest today and said a deal could come as early as tomorrow. Initial investor feedback was in ...

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