Bond investors forced German bakery group Kamps to pay a noticeably higher yield than planned on its delayed €250m issue, adding almost €2m a year to its interest payments.

Kamps was finally able to complete its bond sale this afternoon, having delayed the deal from September 15. The yield on the five-year bond ended up at 8.125% - or 2.5% over Euribor. The indicated range had been Euribor plus 1.75% to 2%.