GEA issued corporate bond Guidance: Mid Swap +120 basis points
5-year term, emission volume 350 to 400 million €
The GEA Group AG issued a corporate bond with a maturity of 5 years and a volume of 350 to 400 million euros. Expected to be a spread of 120 basis points over mid swap. The transaction is accompanied by Commerzbank, German Bank and UniCredit.
Of the transaction:
Issuer: GEA Group AG
Ratings: Moody's: Baa3 (stable), Fitch: BBB-(stable)
Format: senior unsecured, Unsubordinated
Coupon:. N.bek, fixed, payable annually
Volume: 350 to 400 million €
Duration: 04/21/2016
Denomination: 1,000 €
Listing: Luxembourg
Bookrunner: Commerzbank, and UniCredit, German Bank
5-year term, emission volume 350 to 400 million €
The GEA Group AG issued a corporate bond with a maturity of 5 years and a volume of 350 to 400 million euros. Expected to be a spread of 120 basis points over mid swap. The transaction is accompanied by Commerzbank, German Bank and UniCredit.
Of the transaction:
Issuer: GEA Group AG
Ratings: Moody's: Baa3 (stable), Fitch: BBB-(stable)
Format: senior unsecured, Unsubordinated
Coupon:. N.bek, fixed, payable annually
Volume: 350 to 400 million €
Duration: 04/21/2016
Denomination: 1,000 €
Listing: Luxembourg
Bookrunner: Commerzbank, and UniCredit, German Bank