UPDATE 1-Faurecia sells 300 mln-euro 5-yr bond -leads

Newswire

(Adds background) LONDON, Sept 23 (Reuters) - French auto parts maker Faurecia on Friday sold a 300 million-euro ($363.9 million) five-year bond, the banks managing the sale said. The bond was priced at 99.973 with a coupon of 3.625 percent, giving a spread of 95 basis points over mid-swaps, HSBC and SG CIB said. The spread on the deal had to be widened from an initial level of mid-swaps plus 90 basis points during marketing as the corporate bond market came under pressure due to fears ...

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