Südzucker, hybrid pioneer, halts coupon as cashflow dwindles
Südzucker, the German sugar company that was one of the first ever issuers of corporate hybrid capital with a €700m perpetual issue in 2005, has been forced to suspend coupon payments on the bond, when poor results it released on Wednesday hit cashflow triggers in the documentation.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: