Published on 9/25/2014 in the Prospect News Emerging Markets Daily.
New Issue: Poland’s Synthos prices €350 million 4% seven-year notes at par
By Christine Van Dusen
Atlanta, Sept. 25 – Poland’s Synthos SA – through Synthos Finance AB – priced €350 million seven-year notes (Ba2/BB/) at par to yield 4% on Thursday, a market source said.
The notes were talked at a yield in the 4¼% area.
BNP Paribas, Citigroup and Deutsche Bank were the global coordinators and lead managers. Banco Santander, ING, PKO BP and UniCredit were the passive bookrunners for the Rule 144A and Regulation S deal.
The issuer produces synthetic rubber and styrenics.
| Issuer: | Synthos Finance AB
|
| Amount: | €350 million
|
| Maturity: | Sept. 30, 2021
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, Citigroup, Deutsche Bank (global coordinators, lead managers); Banco Santander, ING, PKO BP, UniCredit (passive bookrunners)
|
| Coupon: | 4%
|
| Price: | Par
|
| Yield: | 4%
|
| Trade date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Ratings: | Moody’s: Ba2
|
| Standard & Poor’s: BB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 4¼% area
|
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