Chicago, April 30 – Sisecam UK plc priced $1.1 billion of bonds in two parts (B2//BB-), according to a press release.
The company sold $500 million of 8¼% five-year bonds and $600 million of 8 5/8% eight-year bonds.
Citigroup Global Markets Ltd., HSBC Bank plc, J.P. Morgan Securities plc and BofA Securities were the bookrunners.
Distribution was through Rule 144A and Regulation S.
Demand exceeded $3.5 billion over both tranches.
Since 2013, the issuer has issued a total of $2.3 billion of eurobonds on international markets.
Istanbul-based Turkiye Sise ve Cam Fabrikalari AS manufactures and sells glass.
| Issuer: | Sisecam UK plc
|
| Amount: | $1.1 billion
|
| Issue: | Bonds
|
| Bookrunners: | Citigroup Global Markets Ltd., HSBC Bank plc, J.P. Morgan Securities plc and BofA Securities
|
| Trade date: | April 26
|
| Ratings: | Moody’s: B2
|
| Fitch: BB-
|
| Distribution: | Rule 144A and Regulation S
|
| Marketing: | Investor calls
|
|
|
| Five-year bonds
|
| Amount: | $500 million
|
| Tenor: | Five years
|
|
|
| Eight-year bonds
|
| Amount: | $600 million
|
| Tenor: | Eight years
|
| Coupon: | 8 5/8%
|
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