Center Parcs Five-Year Bonds Said to Have 390 Basis-Point Spread
Center Parcs is selling 300 million pounds of five-year class A secured notes that will be priced to yield 390 basis points more than gilts, according to a banker with knowledge of the sale.
The company is also selling 440 million pounds of 12-year securities yielding 465 basis points over gilts, the banker said.
The five-year bond sale was increased from 267.5 million pounds, while the longer-dated bond sale size has been cut from a targeted 472.5 million pounds.
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