Aryzta acquisition opens Swiss franc sub

01 Oct 2010

Aryzta, a bakery conglomerate, issued the second ever corporate hybrid in the Swiss franc market on Thursday to finance its acquisition of the remaining 50% of Maidstone Bakeries.

 

The deal raised Sfr325m of perpetual non-call four debt, with a coupon of 5%, and a step-up of 500bp, plus the launch spread of 405bp over swaps. If Aryzta does not call the deal, it will pay 905bp over three month Swiss franc Libor. The deal is ...

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