(Bloomberg) -- Edgars Consolidated Stores Ltd., the
South African retailer being bought by Bain Capital LLC, will
increase the yield on bonds it's selling to finance its
acquisition, said a banker involved in the transaction.
The Johannesburg-based company will pay a premium of 325
basis points over the euro interbank offered rate on 1.18 billion
euros ($1.58 billion) of seven-year floating-rate notes due in
2014, said the banker, who declined to be identified. The notes
were first offered at a range of 275 to 300 basis points.
Read more at Bloomberg Bonds News
South African retailer being bought by Bain Capital LLC, will
increase the yield on bonds it's selling to finance its
acquisition, said a banker involved in the transaction.
The Johannesburg-based company will pay a premium of 325
basis points over the euro interbank offered rate on 1.18 billion
euros ($1.58 billion) of seven-year floating-rate notes due in
2014, said the banker, who declined to be identified. The notes
were first offered at a range of 275 to 300 basis points.
Read more at Bloomberg Bonds News
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