K S AG : K+S Prices EUR500 Million 2022 3.00% Bond at 99.422

06/12/2012| 09:32am US/Eastern

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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 
Coupon:           3.00% 
Reoffer Price:    99.422 
Payment Date:     June 20, 2012 
Spread:           120 basis points over midswaps 
Debt Ratings:     Baa2(Moody's) 
                  BBB+(Standard & Poor's) 
Denominations:    EUR100,000 
Listing:          Luxembourg 
Interest:         Annual 

Write to Sarka Halas at sarka.halasova@dowjones.com

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