Crown European Holdings Sells EUR500M 7.125% 8Y NC4 Bond At Par

21st Jul 2010 18:47

LONDON (Dow Jones)--Packaging products supplier Crown European Holdings SA has priced a EUR500 million bond via joint-lead managers Bank of America Merrill Lynch, Barclays PLC, BNP Paribas SA, Citigroup, Deutsche Bank AG and Royal Bank of Scotland Group PLC, with the following terms, one of the banks said Wednesday. The bonds mature on Aug. 15, 2018, and are non-callable for four years. Terms are as follows: Amount: EUR500 million Maturity: August 15, 2018 Coupon: 7.125% Issue Price: 100 Spread: 474 basis points over bunds Yield: 7.125% Call Option: Non-callable until August 15, 2014 Expected ratings: Ba2 (Moody's) BB (Standard & Poor's) -by Mark Brown, Dow Jones Newswires; + 44 (0)207 842 9485, [email protected] (END) Dow Jones Newswires July 21, 2010 13:47 ET (17:47 GMT)