Published on 11/9/2012 in the Prospect News High Yield Daily.
New Issue: Credit Europe Bank sells $250 million 8½% notes due 2019 at par
By Christine Van Dusen
Atlanta, Nov. 9 - Netherlands-based Credit Europe Bank NV - a lender that serves emerging Europe, China and the United Arab Emirates - priced a $250 million issue of notes due Nov. 15, 2019 (Ba3/BB-/) at par to yield 8½%, a market source said.
Goldman Sachs and Morgan Stanley were the bookrunners for the Regulation S-only lower Tier 2 notes.
| Issuer: | Credit Europe Bank NV
|
| Amount: | $250 million
|
| Maturity: | Nov. 15, 2019
|
| Description: | Subordinated lower Tier 2 notes
|
| Bookrunners: | Goldman Sachs, Morgan Stanley
|
| Coupon: | 8½%
|
| Price: | Par
|
| Yield: | 8½%
|
| Trade date: | Nov. 8
|
| Settlement date: | Nov. 15
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: BB-
|
| Distribution: | Regulation S only
|
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