By Paul A. Harris
Portland, Ore., Jan. 24 – Casino Guichard-Perrachon SA priced an upsized €200 million add-on to its 1 7/8% notes due June 13, 2022 (Ba1/BB+) at a 120 basis points spread to mid-swaps on Wednesday, according to a market source.
The issue size was increased from €100 million
The deal, which priced in an investment grade-style transaction, was initially talked at mid-swaps plus 125 bps to 130 bps.
Global coordinator and bookrunner SG CIB will bill and deliver. Natixis was also a global coordinator and bookrunner. HSBC, JPMorgan and Santander were also bookrunners.
The issuer is a food retailer based in Saint-Etienne, France.
| Issuer: | Casino Guichard-Perrachon SA
|
| Amount: | €200 million
|
| Maturity: | June 13, 2022
|
| Security description: | Add-on to 1 7/8% notes due June 13, 2022
|
| Global coordinators: | SG CIB (bill and deliver), Natixis
|
| Bookrunners: | SG, Natixis, HSBC, JPMorgan and Santander
|
| Coupon: | 1 7/8%
|
| Price: | Mid-swaps plus 120 bps
|
| Trade date: | Jan. 24
|
| Ratings: | Moody's: Ba1
|
| S&P: BB+
|
| Initial price talk: | Mid-swaps plus 125 to 130 bps
|
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