Croatia's Agrokor sets price talk on $300 million and €250 million seven-year senior notes

By Paul A. Harris

Portland, Ore., Sept. 27 - Croatia's Agrokor D.D. set price talk for its dual-currency offering of seven-year senior notes (expected B2/confirmed B) on Thursday, according to a market source.

A $300 million tranche is talked with a yield in the 9% area, and a €250 million tranche is talked with a yield in the 9¼% area.

Pricing is set for Friday.

JPMorgan will bill and deliver for the dollar-denominated notes. BNP Paribas will bill and deliver for the euro-denominated notes.

BNP, JPMorgan and UniCredit are the joint bookrunners.

Erste, Intesa, RBI and SG CIB are the co-managers.

The Rule 144A and Regulation S for life notes come with three years of call protection.

The Zagreb, Croatia-based consumer food products company plans to use the proceeds to refinance debt.

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