Nyrstar gets €350m bond before rights issue, though rivals knock deal’s timing

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By Olivier Holmey
09 Sep 2014

Goldman Sachs priced a €350m bond for Nyrstar, the Belgian mining and metals business, on Tuesday, having released price talk in the 8.75% to 9% yield area on Monday afternoon.

But market participants said the transaction was poorly timed, and could hurt the market as it wakens from its summer slumber.

The five year senior unsecured notes, rated B3/B-, were priced with a coupon of 8.5% at 98.018 to yield 9%.

Goldman Sachs (billing and delivering) was global co-ordinator, ...

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