K S AG : K+S Prices EUR500 Million 2022 3.00% Bond at 99.422
06/12/2012| 09:32am US/Eastern
K+S AG (KPLUF) has priced its EUR500 million ($628.9 million), 10-year bond at 120 basis points over midswaps, one of the banks organizing the sale said Tuesday.
Barclays PLC, HSBC Holdings PLC, LBBW and Santander GBM were the lead managers on the deal.
The terms of the transaction are as follows:
Amount: EUR500 million
Maturity: June 20, 2022
Reoffer Price: 99.422
Payment Date: June 20, 2012
Spread: 120 basis points over midswaps
Debt Ratings: Baa2(Moody's)
BBB+(Standard & Poor's)
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