Finland’s restructured Paroc seeks €430m Nordic, foreign HY bond sale
Paroc Group, the Finnish maker of insulation materials, released initial price thoughts and tranche sizes for a €430m high yield bond issue late on Thursday, and is set to price it on Friday.
The issue will have two six year senior secured tranches, a €230m fixed rate non-call two year and a €200m floating rate non-call one. IPTs were in line with initial whispers heard on Monday, at 6.25% to 6.5% for the fixed rate tranche and 525bp to 500bp over
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