Orpea : Towards an improvement in credit profile?
Orpea's inaugural bond issue has shown a satisfactory track record amid turbulent market conditions. Issued at 99.238% on 5Â March 2018, it rose to 102.38% in late August before falling back to its initial level. It is currently trading at 99.25% (mid-price) but its performance since issuance has remained clearly positive thanks to a 2.625% coupon. - The outperformance over 'BB' rated bonds reflects in our opinion: 1/Â quality results marked by strong and balanced growth as well as s...ORPEA is a dependency, physical and psychiatric care group based in France. Co. operates long-term and short-term care facilities, including medical care facilities, medical and social care facilities and residential facilities for the elderly. Co. provides short, medium and long-term global physical and mental dependency care. Co. also operates residential facilities for disabled people of any age, hotels, and hotel-related, as well as leisure accommodation facilities. Co. operates in France and abroad (Belgium, Italy, Spain and Switzerland) in three business segments: Long-term care facilities (nursing homes); Post-acute and Rehabilitation care facilities; and Psychiatric care facilities.
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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