Fugro pulls high yield debut as virus rocks markets

Fugro seabed image geodata from co media gallery 575x330
By Jon Hay
28 Feb 2020

The only high yield bond deal being actively marketed in euros this week has been postponed. The deal was for Fugro, the Dutch company that provides geographical data and asset integrity services to onshore and offshore industries. It was a debut issue for a listed company with no sponsor involved, so there had been good interest, but market conditions just proved too difficult.

"The market has been incredibly difficult this week," said Catrien van Buttingha Wichers, head of investor relations at Fugro in Leidschendam. "As the week progressed it didn't get any easier. We could have placed the bonds, but at a price and conditions that were really not what we ...

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