Report
Verisure : The senior secured tranche is not attractive at all
Verisure Holding AB placed € 200m in aggregate principal amount of euro-denominated senior secured notes due 2023 at 102.375%, reflecting a YTM and YTW of 2.9% and 2.7%. The Senior Secured Notes were offered as additional notes under the indenture dated as of November 16, 2018 pursuant to which the issuer issued € 300m senior secured notes due 2023. The gross proceeds of the offering will be used: - 1/ to repay drawings in full under the Issuer’s revolving credit facility (€ 121m),...
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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.
Markus Schmitt
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