FRENCH SPIRITS producer Rémy Cointreau yesterday priced its Eu150m high yield bond, upped from Eu120m on the back of strong demand. Priced at 550bp over the euro benchmark and issued at par, the seven year transaction traded up to 100.625/ 101.25 following launch. The paper was placed 60% in Europe, mainly with UK and French accounts, and 40% in the US.
July 24, 1998