Report
Anne-Barbara Nicco

Flos B&B Italia (ex-IDG) : Credit update on the eve of the refinancing of the FRN 2026.

Given the excellent performance of the 2028 bond since its issuance with a 10% coupon a year earlier (spread tightening twice that of the JPM 'B' index), we avail ourselves of the Q3 earnings release to review trends in the issuer's fundamentals and the yields offered by its bond due 2028 on the eve of the refinancing of the FRN due 2026.
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Anne-Barbara Nicco

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