First HY debut since virus crisis buoyed by oil storage boom
Rubis Terminal made the first European high yield debut since the start of the coronavirus crisis, issuing a new €410m bond to fund a minority investment buyout by infrastructure specialist I Squared Capital. Business has boomed at the company, which operates bulk liquid storage, thanks to the collapsing oil price.
JP Morgan led the five year non-call two offering as the sole physical bookrunner, alongside Crédit Agricole as a joint global co-ordinator and Société Générale as a joint bookrunner.The company is a subsidiary of listed French energy distributor Rubis, which operates the group’s storage facilities at major ...
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