BayWa bond raises €300m
The subordinated or hybrid bond was placed with national and international institutional investors with a more than double oversubscription.
It has a 4.25% coupon, has a perpetual term and can be called by the issuer after five years, BayWa said.
BayWa chief financial officer Andreas Helber said: “The positive response from investors demonstrates that BayWa is viewed as financially solid and attractive not only by investors in Germany but in other countries in Europe as well.”
The transaction was coordinated by UniCredit Bank as sole global coordinator and MM Warburg & Co as joint bookrunners.
Source: renews.biz
