Grohe defies critics to sell Eu200m issue

10 Nov 2000

German bathroom fittings manufacturer Grohe launched its Eu200m 10 year high yield issue last Friday (November 3), confounding sceptics by issuing its paper with an 11.5% coupon and achieving broad international distribution. Bankers at several bond houses had said the price talk of 11.625%-11.75% was too tight, and ...

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