Banca IMI, Deutsche Bank to lead Buzzi Unicem’s bond issue
Banca IMI and Deutsche Bank will act as joint lead managers and joint bookrunners of Italian cement maker Buzzi Unicem’s benchmark bond of EUR300m-400m (USD453.4m).
The company will issue the bond for institutional investors before Christmas and will determine its maturity based on investors’ response and the market conditions. Buzzi Unicem will issue the instrument as approved by its board of directors on November 11.
Standard & Poor’s (S&P) gives Bbb long term rating, A-3 short-term rating and a "negative" outlook on Buzzi Unicem.
Published under Cement News
