By Ben Edwards
Italian drinks company Davide Campari-Milano SpA (CPR.MI) priced
a 400 million euro ($524.4 million), seven-year bond, the company
said Thursday.
Campari had initially planned to raise EUR350 million, but the
deal size was increased following strong demand from investors, the
company said. Order books closed at EUR4.8 billion.
Banca IMI, Bank of America Merrill Lynch and Deutsche Bank AG
were the lead managers of the sale, which has the following
terms:
Amount: EUR400 million
Maturity: Oct. 25, 2019
Coupon: 4.5%
Reoffer Price: 99.068
Payment Date: Oct. 25, 2012
Spread: 325 basis points over midswaps
Debt Ratings: Unrated
Denominations: EUR1,000; EUR100,000
Listing: Luxembourg
Interest: Annual
Write to Ben Edwards at ben.edwards@dowjones.com
