Oberthur triple-C bond trades up, tight loans to come today
Oberthur Technologies has got its deal away. The French smart card maker sold its €190m unsecured high yield bond at a tight level on Tuesday and the bonds traded up on Wednesday.
Its €260m and $280m of loans are due to be priced at the tight end of guidance today.
“They had so much demand, they could do what they wanted,” said a banker close to the deal, adding that with the interest costs of the loans being lower than those
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