Iliad story appeals to smaller audience

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Iliad story appeals to smaller audience

Xavier Niel
French telecoms Iliad Group founder and Vice-President, Xavier Niel, CEO of European IT Thierry Breton, French telecoms group Orange CEO, Stephane Richard during France and Senegal signing agreements on education, plane purchase in Dakar, Senegal on February 2, 2018. Photo by Eliot Blondet/ABACAPRESS.COM | Blondet Eliot/ABACA/ABACA/PA Images

French telecoms company Iliad is becoming a frequent borrower in the corporate bond market. Two deals in six years have been followed by two deals in seven months. The company’s latest deal, a dual tranche offering, was its largest to date, but order books were barely 1.5 times oversubscribed.

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