French telecommunications company Altice France added another €1bn to its bond package, taking advantage of the historically issuer-friendly market conditions. The tranches were finalised after the European Central Bank announced a new round of stimulus, pushing down bond yields across the board.
Initially, Altice announced €1.5bn of senior secured notes, divided in euro and dollar tranches. Just before the ECB meeting on Thursday, the company decided to add another €350m tranche. On Friday — after the announcement of the new stimulus program
by the ECB — Altice finalised deal