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Altice Europe : We recommend subscribing to the new ATCNA 2027 notes at a yield of 7.25% or more

>Altice Europe plans to repay in part the ATCNA 2022 notes and the SFRFP 2024 notes - Altice Luxembourg seeks to issue € 2.8bn equivalent of new 2027 EUR/USD notes (8NC3). Proceeds from the bond issuance, together with a cash upstream of € 500m from Altice France and the collection of € 435m from the unwinding of swaps, will be used to redeem € 3.6bn equivalent of ATCNA notes due 2022 in EUR and in USD (out of € 4.3bn). We believe that the refinancing is posi...
Underlying
Altice Europe NV Class A

Altice Europe is a provider of cable, fiber, mobile, telecommunications, content and media in Western Europe (comprising France, Portugal, Belgium, Luxembourg1 and Switzerland), the United States of America (U.S.), Israel, the Dominican Republic and the French overseas territories (comprising Guadeloupe, Martinique, French Guiana, La Reunion and Mayotte). Through its various business operations, Co. provides fixed services, mobile telephony services (other than in the U.S.) and media and advertising services to B2C and B2B customers in all of the geographies in which it operates. In addition, Co. offers a variety of wholesale and other services.

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.

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