By Paul A. Harris
Portland, Ore., April 23 – Wienerberger AG priced a €250 million issue of 2% six-year bonds (Ba1) at 99.303, according to a company press release.
The deal was talked in the low-to-mid 2% range.
Commerzbank, Danske Bank and Erste Group managed the sale.
The deal, which was three-times oversubscribed, saw big demand from Austrian and international investors, the release stated.
The Vienna-based building supplies company plans to use the proceeds to refinance existing liabilities and for general corporate purposes.
| Issuer: | Wienerberger AG
|
| Amount: | €250 million
|
| Securities: | Bonds
|
| Maturity: | Six years
|
| Leads: | Commerzbank, Danske Bank, Erste Group
|
| Coupon: | 2%
|
| Price: | 99.303
|
| Trade date: | April 23
|
| Rating: | Moody's: Ba1
|
| Guidance: | Low-to-mid 2% area
|
| Marketing: | Roadshow
|
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