The indicative price range for the placement, which comes only a day after the company announced weaker than expected first quarter results, is €89.25 to €90.50 per share, said Reuters, citing a person familiar with the matter.
This represents a discount of 2.4 to 3.7 per cent to Hugo Boss’ closing price of €92.75 per share on Thursday.
Morgan Stanley is acting as a bookrunner for the placement, according to the source.
Earlier this week it was reported that another Permira-backed company, high street retailer New Look, was looking to raise £800m through a bond offering.
Last week Permira revealed that it had raised €2.2bn towards its revised fundraising target for its latest buyout fund.
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