Report
CMC di Ravenna : Full-blown restructuring
After the group's announcement on a suspended coupon, we go through the upcoming steps and recovery prospects. - >While liquidity still appears sufficient, the decision to restructure likely reflects lack of support from banks - After two weeks of rumours, CMC announced on Friday evening that it would not pay a € 9.8m coupon on the € 325m bond due 15 November and that it was seeking rearrangement for its financial exposure. Such a rushed outcome caught us by surprise a...
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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.
Maxime Kogge
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