Consolidated Minerals last to print before Easter lull

26 Apr 2011

After March’s record issuance of Eu7.2bn worth of European high yield bonds and April’s influx of small deals over the past few weeks, even the busy sub-investment grade market has slowed down between the holidays. The last European deal still in the market before Easter, Consolidated Minerals’ $405m (Eu278m) five year bond, priced last Thursday in line with 9% yield guidance.

The manganese ore producer priced the non-call three senior secured notes at 99.5032 with an 8.875% coupon. The notes tightened to a bid of 101.25 on Tuesday.

Consolidated Minerals launched the bond on Monday, April 11. Deutsche Bank and Citi organised a roadshow through Singapore, Hong Kong, London and ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data