Saipem : Enhanced liquidity despite mixed results
Saipem returned to the bond market at the beginning of July 2020 to issue a € 500m bond under its EMTN programme. With a coupon of 3.375%, the bond matures in 2026. Thanks to this issue, Saipem strengthened its liquidity, which was weakened by the deterioration of its results in H1 2020. - - - - - - - - - - > - - - ...Saipem is a global contractor with local presence in Africa, Central Asia, America, the Middle East and South East Asia. Co. provides engineering, procurement, construction and installation services; and engineering, procurement and construction services to the oil and gas industry, both onshore and offshore, with a focus on projects, including activities in remote areas, in deep waters and on projects that involve difficult gas or crude supplies.
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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