Stada Places EUR350 Million Five-Year Bond
May 29 2013 - 11:05AM
Dow Jones News
German pharmaceutical company Stada Arzneimittel AG (SAZ.XE)
said Wednesday it has placed a bond with a five-year term.
MAIN FACTS:
- The bond has a volume of 350 million euros ($453 million) and
an annual interest rate of 2.25%.
- The issue price is 99.417%.
- Stada intends to use the proceeds from the issue for general
financing purposes.
- The bond was placed with institutional and private investors
in more than seven countries.
- Joint lead managers for this transaction are Commerzbank AG
(CBK.XE), Deutsche Bank AG (DB), DZ Bank AG and Landesbank
Hessen-Thueringen Girozentrale.
-Write to the Frankfurt Bureau at
djnews.frankfurt@dowjones.com
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