Published on 3/23/2018 in the Prospect News High Yield Daily.
New Issue: Corestate Capital prices €300 million 3¾% five-year bullet at par
By Paul A. Harris
Portland, Ore., March 23 – Corestate Capital Holding SA priced a €300 million issue of non-callable five-year notes (BB+) at par to yield 3¾% on Friday, according to a market source.
Credit Suisse and Morgan Stanley were the bookrunners.
The Luxembourg-based real estate investment company plans to use the proceeds to repay debt.
| Issuer: | Corestate Capital Holding SA
|
| Amount: | €300 million
|
| Tenor: | Five years
|
| Securities: | Senior notes
|
| Bookrunners: | Credit Suisse, Morgan Stanley
|
| Coupon: | 3¾%
|
| Price: | Par
|
| Yield: | 3¾%
|
| Call protection: | Non-callable
|
| Trade date: | March 23
|
| Rating: | S&P: BB+
|
| Marketing: | Roadshow
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
