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Schaeffler Gives Tranches, Price Guidance On EUR2 Billion Equivalent Bond

LONDON -(Dow Jones)- German engineering firm and auto-parts supplier Schaeffler Group gave details on its EUR2 billion equivalent euro- and dollar-denominated bond, one of the managing banks said Thursday. The bonds will be of five- and seven-year maturity, and will feature in both currencies for each maturity tranche. Price guidance: Five-year euro tranche: yield 8.25% area Five year dollar tranche: 8.00% - 8.25% yield Seven-year euro tranche: 8.75% - 9.00% yield Seven-year dollar tranche: 8.5% - 8.75% yield Pricing is expected later Thursday. Proceeds of the issue will be used to refinance existing bank debt. The issuance is led by BNP Paribas SA , Commerzbank AG, Deutsche Bank AG, HSBC Holdings plc, JP Morgan, LBBW, Royal Bank of Scotland plc and UniCredit SpA are managing the bond issue. -By Serena Ruffoni, Dow Jones Newswires; +44 (0) 207 842 9349; serena.ruffoni@dowjones.com

Stock News for Moodys (MCO)
DateTimeHeadline
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07/30/201506:12:26Quarterly Report (10-q)
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07/24/201508:02:39Current Report Filing (8-k)
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07/13/201516:52:00Moody’s Corporation Names Steve Maire Vice President-Treasurer
07/02/201516:05:58Statement of Changes in Beneficial Ownership (4)
07/02/201507:00:00Dates Set for Moody's Earnings Release and Investor Teleconference
07/01/201516:06:05Statement of Changes in Beneficial Ownership (4)
06/18/201516:36:45Annual Report of Employee Stock Plans (11-k)
06/11/201516:21:43Statement of Changes in Beneficial Ownership (4)
06/11/201516:08:11Statement of Changes in Beneficial Ownership (4)
06/11/201516:07:45Statement of Changes in Beneficial Ownership (4)

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