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LevFinLevFin High Yield Bonds

Monier prefers callable loan, FRN over cheaper fixed bond

Monier roof 2 for GC web

Monier has sold its €565m of bonds and loans in floating rate products only. The French roof tile maker priced €315m of high yield FRNs and €250m of term loans and scrapped a fixed rate bond tranche, even though fixed rate interest would have been marginally cheaper.

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