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Carole Braudeau
  • Carole Braudeau

Credit Morning 09/24/2025

ZF extends tender offer – watch out for some price risk|OpenAI, Oracle and SoftBank announce the creation of 5 new data centres in the US|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 24/09/2025

ZF extends tender offer – watch out for some price risk|OpenAI, Oracle et SoftBank annoncent la création de 5 data centres aux US|

Joan Sehim
  • Joan Sehim

Gestamp Automocion : Focus Emission

Gestamp, the Spanish tier-1 auto supplier, launched the sale of € 500m in new bonds maturing in 2030 to refinance its € 400m 3.25% bonds and € 83m Schulschein maturing in April 2026. These new bonds are rated Ba2/BB, rather than Ba2/BB+ for the existing 2026 bonds, as S&P considered that the recent transaction with Santander (sale of a minority stake in the group's real estate assets) had weakened the credit profile. The transaction is leverage-neutral, with 1.5x on reported basis and 2.2x adjus...

Joan Sehim
  • Joan Sehim

Gestamp Automocion : Issuance Focus

Gestamp, the Spanish tier-1 auto supplier, launched the sale of € 500m in new bonds maturing in 2030 to refinance its € 400m 3.25% bonds and € 83m Schulschein maturing in April 2026. These new bonds are rated Ba2/BB, rather than Ba2/BB+ for the existing 2026 bonds, as S&P considered that the recent transaction with Santander (sale of a minority stake in the group's real estate assets) had weakened the credit profile. The transaction is leverage-neutral, with 1.5x on reported basis and 2.2x adjus...

Carole Braudeau
  • Carole Braudeau

Credit Morning 09/23/2025

IGH: back into the HY market to finance the P1 capex (revised upwards once again)|KBC says it is only considering the acquisition of Ethias after rumours about its interest in ABN|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 23/09/2025

IGH: back into the HY market to finance the P1 capex (revised upwards once again)|

Anthony Dick ... (+2)
  • Anthony Dick
  • Michael Foundoukidis
Anthony Dick ... (+2)
  • Anthony Dick
  • Michael Foundoukidis
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