Praktiker may try again for coupon cut
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Corporate Bonds

Praktiker may try again for coupon cut

The executive board of Praktiker, the struggling German DIY retailer, is debating whether to change its restructuring plans after investors rejected its request to cut the coupon on its high yield bond to 1%. The other course of action it might take is to ask investors to vote again on the coupon cut – which would only need a 25% approval rate.

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