October 02, 2024 14:47 GMT
CONSUMER STAPLES: Flora Food (SIGBID Secured; B1/B/B+) FINAL TERMS
CONSUMER STAPLES
(KKR deal)
€125m tap of new €500m 4.75NC1.75 FINAL at 99.25 (7.18%)
- +0.5/-12bps in from IPT, upsized from €100m.
- Closed at 99.9/7% on Monday so gave a 18bp NIC - have seen wider taps on higher ratings this week and the line has underperformed since pricing (+12 vs. €B's -90bp rally - mostly riding a rates rally).
- UoP is to pay down some of the €265m drawn revolver.
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