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Hornbach-Baumarkt talks €250 million seven-year notes at 3 3/8%-3˝%
By Paul A. Harris
Portland, Ore., Oct. 17 – German “do-it-yourself” retail operator Hornbach-Baumarkt AG set initial price talk for a €250 million offering of seven-year fixed-rate notes at 3 3/8% to 3˝%, according to a market source.
The deal is playing to orders in excess of €800 million; however, its size will not increase, the source said.
Commerzbank AG, HSBC Bank plc and UniCredit Bank AG are managing the sale.
The company is based in Bornheim, Germany.
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