Clariant To Price EUR500 Million 5-Year Bond At Swaps +4.075
January 17 2012 - 6:50AM
Dow Jones News
Swiss chemical company Clariant AG (CLN.VX) is to price its
EUR500 million, five-year bond at 407.5 basis points over midswaps,
one of the banks running the deal said Tuesday.
This is tighter than previous guidance which was in the area of
412.5 basis points over midswaps, which was revised even tighter
from the initial guidance of 425 basis points to 437.5 basis points
over midswaps.
BNP Paribas SA, Citigroup Inc., and Unicredit SpA are the lead
managers on the deal, which is expected to price Tuesday.
The issuer is rated BBB- by Moody's Investors Services and Ba1
by Standard and Poor's Corp.
- By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236;
Sarka.Halasova@dowjones.com
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