By Devika Patel
Knoxville, Tenn., Dec. 14 – Vesuvius plc said it placed €100 million of notes in two tranches.
There was €50 million of 1.9% 10-year bonds and €50 million of 2.12% 12-year bonds sold.
Proceeds will be used for debt repayment, primarily the $110 million 4.26% note maturing on Dec. 16, 2017.
Vesuvius is a London-based engineered ceramics company.
| Issuer: | Vesuvius plc
|
| Issue: | Notes
|
| Amount: | €100 million
|
| Settlement date: | Dec. 14
|
| Distribution: | Private placement
|
|
|
| 10-year notes
|
| Amount: | €50 million
|
| Maturity: | December 2027
|
| Coupon: | 1.9%
|
|
|
| 12-year notes
|
| Amount: | €50 million
|
| Maturity: | December 2029
|
| Coupon: | 2.12%
|
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