Boparan sets price talk on £700m issue

Food 230x150
By Olivier Holmey
25 Jun 2014

Boparan, the holding company for UK food manufacturer 2 Sisters Food Group, has set price talk on the three tranches of high yield bonds it is seeking to raise to repay existing notes due 2018 and raise money for general corporate purposes.

The £250m five year tranche is being guided between 5.25% and 5.5%, the seven year £250m tranche between 5.5% and 5.75%, and the seven year £200m-equivalent euro tranche between 4.5% and 4.75%.

Goldman Sachs (billing and delivering) and JP Morgan are global co-ordinators. Barclays, BNP Paribas, HSBC and RBS ...

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