Ascometal still hopeful it can win in struggle to issue

29 Mar 2012

After Spie’s successful bond issue this week, another deal planned to repay a bridge loan for a French company remains in the balance.

Steelmaker Ascometal hopes to price its deal next week, according to an investor in London.

Bankers away from the deal suggested this week that the €300m eight year bond had been pulled. But a banker at one of the bookrunners, Bank of America Merrill Lynch and Morgan Stanley, said ...

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