France-based steel pipe and tube maker Vallourec SA (VK.FR) has tightened guidance on its benchmark-sized, euro-denominated, five-year bond, to between 240 basis points and 245 basis points over midswaps, one of the banks running the deal said Wednesday.

Books are over EUR2.2 billion and initial price guidance was in the area of 250 basis points over midswaps.

BNP Paribas S.A., Credit Agricole S.A., JPMorgan Chase & Co., Natixis and Societe Generale S.A. are the lead managers of the sale.

Vallourec met with investors across Europe in November.

The issuer is rated BBB+ by Standard & Poor's Corp.

-By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com

(Alessandro Pasetti contributed to this story)

Grafico Azioni Vallourec (PK) (USOTC:VLOWY)
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Da Gen 2025 a Feb 2025 Clicca qui per i Grafici di Vallourec (PK)
Grafico Azioni Vallourec (PK) (USOTC:VLOWY)
Storico
Da Feb 2024 a Feb 2025 Clicca qui per i Grafici di Vallourec (PK)