Vilmorin matches unrated Mahle, Ingenico

By Jon Hay
15 May 2014

Vilmorin & Cie, the French seed producer, launched its first straight bond on Thursday, completing a trio of unrated debuts in the past week, all seven year bonds.

Despite being very different credits, the three issuers all priced within the same range of 130bp to 135bp over mid-swaps. They are seen as implied triple-B type credits.

Mahle, the German car parts maker, sold its €300m no-grow issue last Friday at 130bp over mid-swaps. Ingenico, the French ...

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