October 02, 2024 12:26 GMT
CONSUMER STAPLES: Flora Food (SIGBID Secured; B1/B/B+) Price Talk
CONSUMER STAPLES
(KKR deal)
€100m tap of new €500m 4.75NC1.75 Talk at 99.00 (+/-0.25pts) (7.25% +/-7bps)
- Closed at 99.9/7% on Monday so giving a 25bp 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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