Report
Vallourec : New bond issue
Publication date: 11/04/2018 - Writing date: 11/04/2018 - - - Equity data - Reco : Buy - Target : 8.50 EUR - Equity Analyst: Jean-François Granjon - [email protected] - +33 (0)4 72 68 27 05 - ESG Analyst : Valentin Pernet - Corporate Governance: Opportunity (2) - / - / - - - - - - - - - - - - - - - - A few months after the issuance of the € 250m OCEANE 2022 and the € 550m 6.625% 2022 notes, Vallourec is planning to tap the bond market again to issue € 300m unsecured notes due October 2023 (NC 2.5). - Proceeds from the offering, together with cash on hand (€ 105m) are expected to be used to redeem the € 400m 3.25% notes maturing in August 2019. - - - - - - - - - - >
Underlying
Vallourec
Provider
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.
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