New World Resources lines up bond to pay down bank debt

New World Resources, the Czech coal miner and coke producer, will issue a Eu700m eight year junk bond to take out its Eu674m of bank debt, it said on Wednesday.

  • 03 Feb 2010

The senior secured bond will be issued in euros and dollars and push the borrower’s debt, which matures between 2011 and 2013, out to 2018.

A roadshow began on Wednesday in Edinburgh. It will move to London on Thursday, and Paris, Frankfurt and Amsterdam on Friday. Next week the ...

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1 Citi 3,691 11 20.69
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.77

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2 JPMorgan 43,849.74 130 9.22%
3 Wells Fargo Securities 37,970.87 112 7.99%
4 Bank of America Merrill Lynch 36,015.87 117 7.58%
5 Credit Suisse 30,953.64 97 6.51%