Report
Anne-Barbara Nicco

Acqua e Sapone (Bubbles) : Issuance Focus

Bubbles Bidco is to issue a € 850m senior secured bond in two tranches: 1/ a 7-year non-call 3 fixed-rate bond, and 2/ a 7-year non-call 1 FRN bond. The purpose is to finance the acquisition of Cesar spa (a company comprising the five members of the consortium operating the Acqua e Sapone brand) and to refinance existing debt. Regarding the fixed-rate tranche, the group will have the option of repaying 10% of the original nominal amount each year at 103% before the first call dat...
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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