Kedrion’s unrated bond debut welcomed by 155 investors

Kedrion for new website
By Jon Hay
16 Apr 2014

Kedrion Group, an Italian privately-owned, unrated company, sold its first bond issue on Wednesday, raising €300m from a strong and widely diversified orderbook.

The company, which makes plasma-derived health products for people with haemophilia and immune deficiencies, is a leader in its field. It is family-owned, but Italy’s national investment fund, the Fondo Strategico Italiano, also holds a 19% stake.

Kedrion issued the bond to refinance some of its bank debt ...

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