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VodafoneZiggo : Longest tenor in the EUR HY cable universe
VodafoneZiggo, the 50:50 JV between Liberty Global (Ba3/BB-) and Vodafone (Baa2 neg/BBB) in the Netherlands, is planning to raise € 3.12bn of new secured debt, split into a EUR term loan H maturing in January 2029 and new 10.25NC5 secured notes in EUR/USD with benchmark sizes. Proceeds will be used to early redeem the secured notes due 2020 (€ 72m outstanding) and 2025 (€ 800m) as well as the Term Loan F due 2025 (€ 2,250m). We recommend subscribing to the new EUR secured notes a...
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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.
Pierre François Merveille
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