Report
Joan Sehim

Plastic Omnium : Focus Emission

Plastic Omnium fait son retour sur le marché primaire obligataire, 7 ans après sa dernière émission, mais cette fois-ci accompagné par une notation BB+/stable de la part de S&P. Cette nouvelle obligation de 500 m EUR à échéance 2029 servira à refinancer l’obligation existante 2024 du même montant, callable au pair à partir du mois de mars. L’opération laissera le levier publié par le groupe et notre levier ajusté inchangés, soit 1.7x et 3.3x respectivement. Elle devrait augmenter...
Underlying
Plastic Omnium SE

Compagnie Plastic Omnium is a manufacturing and services company which partners with car manufacturers and local communities, through its two core businesses which are Automotive Equipment and Environment. Co.'s activities can be divided into two divisions: the Automotive division and the Environment division. The Automotive division designs, manufactures and sells vehicle body parts (exterior parts and modules) and plastic fuel systems. The Environment division provides products and services for local authorities, including waste pre-collection and management equipment and services, and road and highway signage.

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
Joan Sehim

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