Credit Suisse First Boston has arranged a €150m ($188m) high-yield bond for Esselte, the Swedish office supplies manufacturer, to partly refinance its acquisition by JW Childs, the US private equity firm, in July 2002.

Proceeds from the bond will be used to repay the mezzanine debt component as well as some of the bank debt raised as part of the original acquisition financing. UBS will work in a syndicate role as joint lead manager on the bond.