Report
Eir : Focus Emission
Irish telecoms operator eir (B1/B+) plans to raise € 850m in total through the issuance of 7NC3 secured notes and a term loan due in 2026. Net proceeds from the new debt will be used to refinance the 2022 secured notes (€ 700m) and to ultimately fund € 133m out of a € 300m dividend recap. We have a Stable credit opinion on this issuer and we recommend to subscribe to the new 7NC3 secured notes at a yield of 3.75% or above. This is in line with the price talk of c. 3.75%.§nys...
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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.
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