ALAIN AFFLELOU- Special comment
Alain Afflelou bonds have tumbled since French financial newspaper Les Echos reported on 12 April that the optical industry could bear substantial costs due to the new reform promised by President Macron. The 4% 2023 bonds fell from a price of 99.25 on 11 April to 91 on 18 April, before recovering 1.75 pts this morning at the time of writing. The government aims to create a free-of-charge eyeglass basket for endcustomers after health insurance reimbursements, while also limiting health insurers’ spending for optical products.
Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.
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