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Fromageries Bel completes €140 million and $110 million 'schuldschein' private placement bond
By Jennifer Chiou
New York, June 28 - Fromageries Bel announced its issue of "schuldschein" private placement bonds in the amount of €140 million and $110 million.
The euro-denominated bonds were issued in fixed- and floating-rate tranches with tenors of three years, five years, seven years and 10 years.
The dollar bonds were also issued in fixed- and floating-rate tranches. The tranches mature in three years and five years.
HSBC Trinkaus and BNP Paribas managed the placement.
According to a press release, the "schuldschein" bond had close to €400 million of demand.
Proceeds are slated for general corporate purposes.
The Paris-based cheese marketer was advised by Kramer Levin Naftalis & Frankel LLP.
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