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Europcar Sets Pricing On EUR355 Million High Yield Bond 12.25%-12.50%

LONDON -(Dow Jones)- France-based Europcar Groupe SA set price guidance on its EUR355 million five-year subordinated bond, said one of the banks on the deal Wednesday. Guidance is for a yield between 12.25% and 12.5%, the bank said. Pricing is expected Thursday afternoon. Ratings are Caa1 from Moody's Investors Service Inc. and B- from Standard & Poor's Corp. The bond will be non-callable for the first three years with proceeds used to repay existing debt. Deutsche Bank, Credit Agricole CIB, Goldman Sachs, JP Morgan, Societe Generale and Royal Bank of Scotland are lead managers on the deal. -By Serena Ruffoni, Dow Jones Newswires; +44 (0) 207 842 9349; serena.ruffoni@dowjones.com

Stock News for Royal Bank of Scotland Grp. (RBS)
DateTimeHeadline
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