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Peri-Werk Artur talks €225 million: seven-year fixed at 5 5/8%-5 7/8%, five-year floater at Euribor plus 175-200 bps
By Paul A. Harris
St. Louis, Dec. 2 - Price talk emerged Thursday on Peri-Werk Artur GmbH's €225 million of bonds that are offered in two bullet tranches (Ba3/BB), according to a market source.
The Weisenhorn, Germany-based construction company is selling seven-year senior fixed-rate notes that are talked to yield 5 5/8% to 5 7/8%. The company also is offering five-year senior floating-rate notes talked at Euribor plus 175 to 200 basis points.
Deutsche Bank Securities and Goldman Sachs & Co. are joint bookrunners.
Proceeds will be used to refinance debt and for general corporate purposes.
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