Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Fresenius SE & Co KGaA    FRE   DE0005785604

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Fresenius Sets Pricing On EUR500 Million 7-Year Bond At 4.25% Area

03/21/2012 | 07:24am US/Eastern

("Fresenius Sets Pricing On EUR500M 7-Year Bond At 4.25% Area," at 1020 GMT, misstated the vehicle issuing the bond in the first paragraph. The correct version follows:)

-German medical care company Fresenius SE & CO. KGaA (>> Fresenius SE & Co KGaA) has set price guidance on its EUR500 million seven-year bond in the area of 4.25%, one of the banks on the deal said Wednesday.

The issue will be priced later Wednesday, and books on the deal are comfortably oversubscribed, said one of the banks on the deal. The issue was primarily targeted at retail accounts, which showed a good deal of interest, it added.

The bond will be used--among other corporate purposes--to fund the acquisition of hospital operator Damp Group, which Fresenius acquired in October 2011.

Expected ratings are Ba1 from Moody's Investors Service and BB+ from Standard & Poor's Corp. and Fitch Ratings.

Royal Bank of Scotland Group PLC, Deutsche Bank AG, Commerzbank AG, LBBW and Bayern LB are lead managers on the deal.

-By Serena Ruffoni, Dow Jones Newswires; +44 (0) 207 842 9349; serena.ruffoni@dowjones.com

Stocks mentioned in the article : Fresenius SE & Co KGaA
React to this article
Latest news on FRESENIUS SE & CO KGAA
01/24 Fresenius plans to raise dividend after hitting 2014 goals
01/19 FRESENIUS SE KGAA : Standard & Poor’s upgrades Fresenius Medical Care&rsqu..
01/12DJFRESENIUS SE KGAA : FDA Allows Fresenius to Make New Drugs at Plant in US
01/12 FRESENIUS SE KGAA : Kabi Receives FDA Status Upgrade for US Grand Island Facilit..
2014 FRESENIUS SE KGAA : & Co KGaA's Trademark Application for "FF IGENIO" Filed
2014 Factbox - European companies adjust strategies in Russia
2014DJDanone Committed to All Business Units -- 2nd Update
2014DJDanone Committed to All Business Units -- Update
2014DJDanone Committed to All Business Units
2014 Danone's medical nutrition unit on board agenda Thursday - source
Advertisement
Chart
Duration : Period :
Fresenius SE & Co KGaA Technical Analysis Chart | FRE | DE0005785604 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF