Luxembourg: Eurofins prices Eurobond as hybrids approach call dates

Eurofins Scientific, the global leader in bio-analysis, has priced a €600m (US$634m) seven-year senior unsecured bond to repurchase outstanding notes. The Baa3/ BBB (Moody’s/Fitch) pays an annual 4% coupon and priced to yield 4.244%, a spread of 185bp over mid-swaps. The transaction attracted strong interest and was more than 2.3x over-subscribed. Proceeds will be used…