Alcatel courts controversy on Eu500m return
A controversial Eu500m bond from Alcatel Lucent on Thursday evening, the first from the fallen angel credit in 14 months, took this year’s strong European high yield sales to Eu40.9bn. The French telecom equipment supplier issued five year unsecured notes to take out part of the Eu1bn convertible bond it launched in September 2009.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts