Kaufman sells €370m HY at tight end

French building
By Stefanie Linhardt
28 Mar 2014

Kaufman & Broad, the French residential property developer, priced its €370m high yield bond at the tight end of guidance on Wednesday.

The five year non-call two senior notes were priced at par to yield 7%.

Global coordinators Goldman Sachs (billing and delivering and physical bookrunner), Credit Suisse (physical bookrunner) and Crédit Agricole released price guidance in the 7% to 7.25% range on Tuesday afternoon and closed books at 10am ...

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