New Issue: Jenoptik prices €150 million seven-year notes to yield 8 1/8%

By Paul A. Harris

St. Louis, Nov. 3 - Jenoptik AG sold €150 million of 7 7/8% notes due Nov. 15, 2010 (Ba3/BB-/BB) at 98.678 Monday to yield 8 1/8%, according to a market source.

Goldman Sachs and HVB were bookrunners on the Rule 144A/Regulation S offering.

Jenoptik will use proceeds to strengthen its capital base, reduce short-term debt and finance growth.

The issuer is a Jena, Germany technology company.

Issuer:	Jenoptik AG
Bookrunners:	Goldman Sachs, HVB
Maturity:	Nov. 15, 2010
Amount:	€150 million
Coupon:	7 7/8%
Price:	98.678
Yield:	8 1/8%
Spread:	417 basis points
Call features:	Callable on Nov. 15, 2007 at 103.938, then 101.968, declining to par on Nov. 15, 2009 and thereafter
Settlement date:	Nov. 6, 2003
Ratings:	Moody's: Ba3
	Standard & Poor's: BB-
	Fitch: BB

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