Report

Fnac Darty : € 650m senior notes remastered

Fnac Darty announced the launch of a € 650m senior notes offering in two tranches: i) € 300m maturing in 2024 (NC2) and € 350m maturing in 2026 (NC3). The objective is to fully redeem Fnac Darty’s outstanding € 650m 3.25% 2023 senior notes. - >An early redemption using the make-whole premium - The Fnac Darty 2023 notes are not callable before 30 September 2019 at 101.625%. An early redemption implies using the make-whole premium (Bund+50bp), giving a redemption price ...
Underlying
Fnac Darty SA

Fnac Darty is engaged in the leisure and entertainment, technology, and household appliances retail market in France and a player on markets in other countries where it operates such as Spain, Portugal, Belgium, the Netherlands and Switzerland. Fnac Darty also has franchise operations in Morocco, Qatar and Ivory Coast.

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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.

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