Continental Prices EUR750M 2015 Bond At 99.0047 To Yield 8.75%

9th Jul 2010 17:42

LONDON (Dow Jones)--German tire maker Continental AG (CON.XE) has priced its EUR750 million, 2015, high-yield bond through joint lead bookrunners Citigroup Inc. and the Royal Bank of Scotland Group PLC, one of the banks said Friday. Terms are as follows: Amount: EUR750 million Maturity: July 15, 2015 Coupon: 8.5% Reoffer Price: 99.0047 Payment Date: July 16, 2010 Yield: 8.75% Debt Ratings: B1 (Moody's) B (Standard & Poor's) Denominations: EUR1,000 Listing: Frankfurt Interest: Semiannual The bonds are being sold under the borrower's Euro medium-term note program. -By Ainsley Thomson, Dow Jones Newswires; 44 20 7842 9318; [email protected] (END) Dow Jones Newswires July 09, 2010 12:42 ET (16:42 GMT)