Salt Mobile gets cool reception for 10 year bond to repay FRN
Swiss telecom group Salt Mobile printed a high yield fixed rate issue on Tuesday, its second deal this year, as it replaced floating rate notes with new bonds. They were priced at the wide end of guidance.
In the first nine months of this year, gross issuance in the European high yield bond market jumped by some 52% compared to the same period of 2016, Moody’s data shows.
Salt Mobile was part of the surge. In March, it sold €117m of senior unsecured bonds
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