UPDATE 1-Faurecia bond seen around swaps +90 bps- banker

Newswire

(Adds details on covenants, background) LONDON, Sept 21 (Reuters) - French auto parts maker Faurecia plans to price a 300 million euro ($366.2 million), five-year bond this week to yield around 90 basis points over mid-swaps, a banker familiar with the sale said. Faurecia hired HSBC and SG CIB earlier in September 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 ...

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