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Article: Vive Les Deals! France Prices Two.(Ciments Francais S.A., Bollore S.A.)
- Article from:
- Private Placement Letter
- Article date:
- December 11, 2006
- Author:
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The two French deals that hit the market last month, one for Bollore S.A. and the other for Ciments Francais - priced last week, sources said.
Calyon and HSBC Securities, were the agents on an upsized $300 million deal for Ciments Francais, a cement, aggregates and ready-mix concrete producer, market sources said.
Originally looking for $200 million, the deal priced in 12- and 15-year bullets, split equally into $150 million tranches. The former priced at 130 basis points over Treasurys while the latter priced at 140 basis points over the same benchmark, market sources said. The company is the international branch of Italcementi Group.
For the ...