Whitbread : Welcomed debt operations. The massive vaccine rollout in the UK is good news for the medium term
>New debt operations announced - Whitbread has announced a number of debt operations: i/ the issuance of two “green bonds”, one for £ 300m, maturing in May 2027 with a coupon of 2.375%, and the other for £ 250m, maturing in May 2031 with a coupon of 3.00%, ii/ extension to the maturity of the current credit line from September 2022 to September 2023 (the undrawn amount currently stands at £ 950m but should fall to £ 850m in December 2021 and £ 725m in September 2022) ...Whitbread is a hospitality company. Co. serves its customers in the U.K. and beyond through its two businesses: Premier Inn and Restaurants; and Costa. Premier Inn is a hotel business, with over 760 hotels and more than 68,000 rooms as of Mar 2 2017. Co.'s hotel are located alongside its own restaurant brands. Co. also have hotels in the Middle East, and Germany, with more hotels in the pipeline. Costa is the coffee shop, with over 2,200 coffee shops in the U.K., over 1,300 stores in 29 international markets and over 6,800 Costa Express self-serve units as of Mar 2 2017.
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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