Biogroup Inaugural Bond 9x Oversubscribed, Spread Research Says
2021-02-01 10:28:18.58 GMT
By Camomile Shumba
(Bloomberg) — Biogroup’s bond sale attracted more than
twice as much interest as the average European HY deal in 2019
and 2020, according to a report by the independent credit
research company.
* Co.’s EU250m bonds due Feb. 2029 were 9x oversubscribed:
Spread Research
** Compares with 3.6x for deals in 2019 and 4.4x in 2020
* Notes quoted at 102.2 cents on the euro in first day trading:
data compiled by Bloomberg
* Note: Lab Firm’s Financing Pick Highlights Junk Bonds’ Edge
Over Loans