Report
Delphine Chauvin

Paprec : Issuance Focus

Paprec is in the process of completing a € 600m green bond issue, which should be split equally into two tranches: € 300m maturing in 2027 (4NC2) and € 300m maturing in 2029 (6NC2). The bond issue will be used to refinance the PAPREC 4.0% 2025 notes (€ 575m). Initial indications were "high 6 to 7" for the 2027 issue and "low to mid 7s" for the 2029 issue, before price talks were tightened to "6.5%-6.625%" and "7.25%-7.375%" respectively. The book is closed and the final pricing s...
Provider
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.

Analysts
Delphine Chauvin

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