Faurecia euro bond seen around swaps +90bps-banker

Newswire

LONDON, Sept 21 (Reuters) - French auto parts maker Faurecia plans to price a 300 million euro ($366.2 million) 5-year bond this week to yield around 90 basis points over mid-swaps, a banker familiar with the sale said. Faurecia earlier in September hired HSBC and SG CIB to manage the sale of the bond, which is the company's debut issue. The company is aiming to widen its investor base and to extend the average maturity of its debt. Faurecia is not rated by the major credit ratings ...

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