Credit Morning 01/02/2026

Morning Crédit 02/01/2026

Credit Morning 12/22/2025

Paris prosecutor's office launches probe into Uranium theft from Somaïr in Niger|Maxeda: weak Q3 results and announcement of restructuring process|Coty appoints Markus Strobel as new chairman and interim CEO|Golden Goose: HSG acquires majority stake|The Belgian government is considering increasing its stake in Ageas according to the Belgian newspaper de Tijd|

Morning Crédit 22/12/2025

Enquête du parquet de Paris sur le vol d’Uranium de la Somaïr au Niger|Maxeda : faibles résultats T3 et annonce du processus de restructuration|Coty nomme Markus Stroble comme nouveau Chairman et CEO par interim|Golden Goose : HSG acquiert une part majoritaire au capital|Le gouvernement belge envisageait d'augmenter sa participation dans Ageas selon le journal belge De Tijd|

Credit Morning 12/19/2025

Coty announces sale of remaining 25.8% stake in Wella|

Morning Crédit 19/12/2025

Coty annonce la cession de sa participation résiduelle de 25,8% dans Wella|

Credit Morning 12/17/2025

Fresh speculation about Rexel's capital (La Lettre)|Grifols : S&P upgrades the corporate rating to BB-/stable from B+/stable|

Morning Crédit 17/12/2025

Nouvelles rumeurs spéculatives sur le capital de Rexel (La Lettre)|S&P relève le rating corporate de Grifols de B+ à BB-/stable|

Credit Morning 12/09/2025

Asmodee is preparing new bond issue|Polynt: Black Diamond came back for what it was looking for in the first place|CMA CGM is launching the placement of an Air France-KLM exchangeable bond|

Morning Crédit 09/12/2025

Asmodee prépare une nouvelle émission obligataire|Polynt: Black Diamond came back for what it was looking for in the first place|CMA CGM lance le placement d’une obligation échangeable en actions Air France-KLM|

Credit Morning 12/03/2025

Celanese: new $ bond issuance to finance the tender offer launched|

Morning Crédit 03/12/2025

Celanese: new $ bond issuance to finance the tender offer launched|

Credit Morning 11/27/2025

Emeria: a more resilient Q3 2025, but much remains to be done|Gaming and sports betting: sharp increase in taxes in the UK|Isabel Marant released excellent Q3 results allowing a first decrease in net leverage|Canal+ prices € 700m of 2030 notes at a yield of 4.65%|Zegona will return € 1.6bn to its shareholders|

Morning Crédit 27/11/2025

Emeria : un T3 2025 plus résilient, mais il reste encore beaucoup à faire|Jeux et paris sportifs : forte augmentation des taxes au Royaume-Uni|Isabel Marant publie d’excellents résultats T3 permettant d’entamer la baisse de son levier|Canal+ place 700 m EUR d’obligations 2030 avec un rendement de 4.65%|Zegona va distribuer 1,6 md EUR à ses actionnaires|

Canal+ : Issuance Focus

French pay-TV operator Canal+ plans to tap the bond debt markets with an inaugural issue of € 500m of 5-year unsecured notes. Net proceeds will be used to reduce the size of the € 1.46bn outstanding bridge loan that was drawn to fund the acquisition of Multichoice, an African pay-TV operator that will complement Canal+’s footprint on this continent. We recommend subscribing to the new bonds at a min. yield of 3.80% (min. spread of MS+ 135bp).

Canal+ : Focus Emission

French pay-TV operator Canal+ plans to tap the bond debt markets with an inaugural issue of € 500m of 5-year unsecured notes. Net proceeds will be used to reduce the size of the € 1.46bn outstanding bridge loan that was drawn to fund the acquisition of Multichoice, an African pay-TV operator that will complement Canal+’s footprint on this continent. We recommend subscribing to the new bonds at a min. yield of 3.80% (min. spread of MS+ 135bp).

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 11/12/2025

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 12/11/2025

Canal+ : Champions League tender: risk or opportunity?

Canal+ : Appel d’offres de la Ligue des champions : risque ou opportun...