GDF Suez cuts hybrid to €1.7bn in tough sale into weak market

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GDF Suez cuts hybrid to €1.7bn in tough sale into weak market

GDF Suez

GDF Suez launched its first modern-style hybrid capital issue today, but was hit by rough market conditions and ended with weak demand and a smaller, wider priced deal than it had hoped for. Market participants criticised the issuer and leads’ decision to launch the transaction today.

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