Report
Pierre François Merveille

Altice France : We recommend subscribing to the new 8NC3 secured notes at Altice France at a yield of 3.375% or more

Altice France plans to issue € 1.5bn equivalent of new 8NC3 secured notes in EUR and in USD. Proceeds from the new issue plus together with € 46m of cash in hand will be used to call € 500m of 2024 secured notes at Altice France (USD 284m at 103.125% and € 250m at 102.813%), call the outstanding 2022 senior notes at holding company Altice Luxembourg (USD 636m at 101.938% and € 445m at 101.813%), and pay transaction fees and expenses. Depending on market appetite for the deal, we ...
Underlying
SFR Group SA

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
Pierre François Merveille

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