UPCB Finance III has raised $1 billion in a sale of notes, Reuters reports. The Dutch special purpose vehicle’s senior secured notes were sold in the 144a private placement market.
It appointed Bank of America Merrill Lynch, Citi, Credit Suisse, Deutsche Bank, JP Morgan, RBS and UBS as joint book running managers for the deal. The notes carry a coupon rate of 6.625% and are due to mature on July 1, 2020.
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