Preem prices novel structure combining cash pay and PIK

21 Jul 2005

Sweden's largest oil company, Preem, is set to price Europe's first split coupon high yield offering — part cash pay bond and part pay-in-kind (PIK) note.

The Eu500m equivalent offering in euros and dollars will pay a coupon of 150bp over Euribor in cash and ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options