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LevFinLevFin High Yield Bonds

Victoria pays make-whole price to push maturities

carpet adobe stock 575

Carpet and tile company Victoria returned to the bond market for its second outing in a month, raising another €250m of debt in a drive-by. Unlike its February issue, however, the new cash will mostly be used to push out its maturities, being earmarked to pay down its 2024s at a punchy make-whole spread of 50bp over Bunds.

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