Best in Park drives ‘friendly’ €90m bond

parking
By Victor Jimenez
26 Jan 2016

Austrian parking facilities developer Best in Parking walked into a frozen bond market on Tuesday with a €90m unrated bond, that was a tougher than expected sell to its domestic investor base.

The small offering, designed to attract domestic investors in a core eurozone market, got a muted welcome from the buy side, despite being the only euro-denominated corporate bond on sale so far this week.

Bookrunners Erste Group (billing and delivering) and Raiffeisen Bank had to work harder than they ...

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