Coface : Tender offer on 2024 notes and new Tier 2 2032 issue
Publication date 24/02/2022 07:34 - Writing date 24/02/2022 07:28 - - - Equity data - Reco : Outperform - Target : 13.3 EUR - Equity Analyst: Benoit Valleaux - - +33 (0)1 55 35 42 75 - - / - / - - - - - - - - - - - - - - - - - - - - Coface taps the bond market again with a new Tier 2 bullet 2032 issue. This is a rare issuer on the market with its last issue dating back to 2014. Moreover, the group has also offered to buy back part (as much as € 150m out of € 380m...Coface is a holding company that performs its activities through its primary operating subsidiary, Compagnie franASSaise d'assurance pour le commerce extA(c)rieur and its subsidiaries. Through its subsidiaries, Co. is a provider of credit insurance to businesses with solutions to protect them against the rist of client insolvency on both domestic and export markets.
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.
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