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Astaldi taps debut bond 40bp tighter after five days

Astaldi, the Italian construction company, has tapped the seven year debut bond it sold last week at a much tighter yield.

  • By Stefanie Linhardt
  • 06 Dec 2013

The €500m issue was priced on Wednesday last week to yield 7.125%. On Monday this week, Astaldi sold €100m of extra notes to yield 6.716%.

“People like the company, it has strong brand recognition but is in a tough industry, which isn’t understood too well,” said a banker ...

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