Andritz gets €350m as Austrian retail deal draws foreign bid

28 Jun 2012

Andritz, the Austrian machinery maker, launched a highly successful domestic retail bond issue on Wednesday that achieved its maximum target size of €350m.

That is a large deal for the Austrian retail market, where deals are typically around €100m-€150m.

Andritz is unrated but a syndicate banker at one of the leads, Erste Bank and UniCredit, said it would probably be in the high triple-B category. The company makes specialised machines for ...

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