02.05.2007, 15:45
Transcapitalbank Successfully Placed its Debut US$175mn Eurobond Issue
OREANDA-NEWS. May 2, 2007. Transcapitalbank's inaugural RegS US$175mn 3-year Fixed Rate Loan Participation Notes issue is successfully placed. The coupon was fixed at 9.125% p.a.
Settlements are to be made through Euroclear / Clearstream. The joint lead managers are ABN AMRO Bank and Deutsche Bank. The notes are to be traded on Irish Stock Exchange. Moody's rated TCB's notes В1.
The Road-show took place in Milan, Zurich, Geneva, London, Vienna, Kologne and Frankfurt. During the book-building the volume of orders approximately 4 times exceeded the declared amount of issue (the book was US$625mn with 120 orders). Initial guidance of 9.250%-9.500% was revised to 9.125% and the transaction amount was upsized from the targetted US$150mn to US$175mn, which meets the Borrower's needs. Despite the revision, not one single order fell out of the book.
Settlements are to be made through Euroclear / Clearstream. The joint lead managers are ABN AMRO Bank and Deutsche Bank. The notes are to be traded on Irish Stock Exchange. Moody's rated TCB's notes В1.
The Road-show took place in Milan, Zurich, Geneva, London, Vienna, Kologne and Frankfurt. During the book-building the volume of orders approximately 4 times exceeded the declared amount of issue (the book was US$625mn with 120 orders). Initial guidance of 9.250%-9.500% was revised to 9.125% and the transaction amount was upsized from the targetted US$150mn to US$175mn, which meets the Borrower's needs. Despite the revision, not one single order fell out of the book.
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