Plastic Omnium : Issuance Focus
Plastic Omnium is returning to the primary bond market, seven years after its previous issue, but this time with a BB+/stable rating from S&P. This new € 500m bond maturing in 2029 will be used to refinance the existing 2024 bond for the same amount, callable at par from March. The transaction will leave the group's reported leverage and our adjusted leverage unchanged at 1.7x and 3.3x respectively. It is expected to increase interest expense by around € 17m per annum, based on a...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.