ThyssenKrupp Prices EUR1.25 Billion 4.375% Bond Maturing 2017

German industrial group ThyssenKrupp AG (>> ThyssenKrupp AG) priced a EUR1.25 billion, five-year deal, one of the banks running the deal said Tuesday.

BNP Paribas SA, Commerzbank AG, Royal Bank of Scotland Group PLC and UniCredit SpA were the lead managers on the sale, which has the following terms:

 
Amount:           EUR1.25 billion 
Maturity:         Feb. 28, 2017 
Coupon:           4.375% 
Reoffer Price:    99.753 
Payment Date:     Feb. 28, 2012 
Spread:           280 basis points over midswaps 
Debt Ratings:     Baa3 (Moody's) 
                  BB+ (Standard & Poor's) 
                  BBB- (Fitch) 
Denominations:    EUR1,000 
Listing:          Luxembourg 
Interest:         Annual 
 

-By Ben Edwards, Dow Jones Newswires; 44-20-7842-9287; ben.edwards@dowjones.com