Faurecia hunts cheap credit again with €700m refi bond
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Faurecia hunts cheap credit again with €700m refi bond

Faurecia_Alamy_230x150_13Nov19

French car parts maker Faurecia has gone against the headwinds buffeting the industry, cutting financing costs with its latest refinancing round. A number of other well known high yield borrowers are also rushing into the market before Christmas to switch their higher coupon paper into cheaper alternatives.

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