APRR To Price EUR500 Million Six-Year Bond At Swaps +3.40
January 12 2012 - 6:21AM
Dow Jones News
French toll road company Societe des Autoroutes Paris-Rhin-Rhone
(ARR.FR), also known as APRR, set final price guidance on its
EUR500 million six-year bond at 240 basis points over midswaps, one
of the banks leading the sale said Thursday.
The pricing is on the tight side of and already tightened
guidance of between 340 and 345 basis points over midswaps.
Books on the issue approached EUR3.7 billion, one of the banks
on the deal said.
Credit Agricole SA, BBVA, Lloyds Banking Group, Mitsubishi
Banking Group, Natixis, Banco Santander SA, Societe Generale SA and
Royal Bank of Canada are lead managers on the deal.
The bond is rated Baa3 by Moody's Investors Service Inc. and
BBB- by Standard & Poor's Corp.
-By Serena Ruffoni, Dow Jones Newswires, +44 (0) 207 842
9349;
serena.ruffoni@dowjones.com
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