LeasePlan relaunches 1.55bn LBO deal - lead
By Helene Durand
LONDON, March 9 (IFR) - LeasePlan is relaunching a 1.55bn-equivalent buyout bond and is hoping to price the transaction as soon as Friday, according to a lead.
The Dutch vehicle-leasing company will hold a London group lunch today at 12:30pm and a global conference call at 4pm.
The issuer attempted to price the three-tranche bond on February 11, but pulled the deal after deteriorating credit markets saw investors demand higher yields.
It is looking to sell a euro five-year non-call two, a euro seven-year non-call three and a US dollar five-year non-call two via JP Morgan, Goldman Sachs, Credit Suisse and ING. (Reporting by Helene Durand, editing by Julian Baker)
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