Kaufman & Broad 125 million euros notes talked at 8¾%-9%, pricing Wednesday

By Paul A. Harris

St. Louis, Mo., July 22 - Price talk of 8¾%-9% emerged Monday on Kaufman & Broad SA's offering of €125 million of senior notes due 2009 (B1/BB-).

The books close Tuesday afternoon and the deal is set to price Wednesday morning in London.

Merrill Lynch is the lead manager on the Rule 144A/Reg S deal with no registration rights.

The notes are non-callable for life.

The Paris, France-based single-family housing developer will use proceeds to repay debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.