Oddo BHF - Morning Crédit 19/10/2020

Report

Oddo BHF

Carole Braudeau

Morning Crédit 19/10/2020

Auchan cède sa participation dans SunArt à Alibaba pour 3 mds EURAtlantia cède 49% de Telepass pour 1.1 md EURGetlink retire comme attendu sa guidance 2020 et obtient un waiver sur le covenant du prêt Eurotunnel>...

19/10/2020 12 FR

Provider

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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Analysts

Carole Braudeau

Other Reports from Oddo BHF

Bruno Cavalier

Bruno Cavalier

France: modest growth, fiscal stability at risk

The pace of growth of France’s economy doubled in Q1 2024. Let's not get carried away, though: it only rose from +0.1% to +0.2% q-o-q, which is weak compared with the pre-Covid situation. Not enough to cause a sudden jump in tax receipts and plug the 'hole' seen last year. We do not know what gives greater cause for concern: the widening of the budget deficit or the time it took the Finance Ministry to become aware of it. The modest improvement in economic conditions will not be ...

April 30, 2024 April 30, 2024 1 EN

Bruno Cavalier

Bruno Cavalier

France : un peu de croissance, pas de stabilité budgétaire

Le rythme de croissance de l’économie française a doublé au T1 2024. Gardons la tête froide, il ne fait que passer de +0.1% à 0.2% t/t, ce qui reste faible au regard de la situation pré-Covid. Pas de quoi provoquer un bond soudain des rentrées fiscales et combler le « trou » constaté l’an passé. On ne sait ce qui est plus inquiétant : le creusement du déficit ou bien le temps qu’il a fallu au Ministère des Finances pour s’en aviser. L’amélioration modeste des conditions économiqu...

April 30, 2024 April 30, 2024 1 FR

Anne-Barbara Nicco

Anne-Barbara Nicco

But : Nouvelle émission obligataire avec intégration de Conforama

Mobilux a annoncé un projet d’émission obligataire senior secured de 250 m EUR sur 6 ans NC2 pari passu avec l’obligation 2028 existante (500 m EUR). L’objet de cette émission, ainsi que l’utilisation de 94 m EUR de cash au bilan, est de refinancer le PGE de Conforama (288 m EUR), société sœur de BUT et de réaliser un rachat d’actions détenues par le management au niveau de Mobilux Holding 2 pour 32 m EUR. Le restricted group va évoluer en s’élargissant afin d’intégrer Conforama....

April 30, 2024 April 30, 2024 1 FR

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Morning Crédit 19/10/2020

France: modest growth, fiscal stability at risk

France : un peu de croissance, pas de stabilité budgétaire

But : Nouvelle émission obligataire avec intégration de Conforama

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