Duerr bond seen yielding around 9.5 pct -source

Newswire

LONDON, June 29 (Reuters) - Germany's Duerr will price its 200 million euro high-yield bond on Wednesday to yield around 9.5 percent, a banking source said on Tuesday. Duerr, which makes assembly lines and paint-shop equipment for carmakers, is issuing the seven-year bond as part of a wider refinancing plan which includes a five-year loan consisting of a credit line and guarantee line of 200 million euros each. Deutsche Bank and Landesbank Baden-Wuerttemberg are leading the sale. ...

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