Buyers cite 94 for Oberthur after MIC allocates at 91

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Buyers cite 94 for Oberthur after MIC allocates at 91

Although margins on new deals are expected to rise, for the arrangers of LBOs like MIC and Oberthur discounts are the only option to entice hesitant investors. French micro-connections business MIC allocated its €355m of buyout loans with an original issue discount of 91 — the largest discount in Europe this year.

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