Thomson hybrid bond attacked as "confusing"

Thomson, the French communications systems group, is expected to reopen the corporate hybrid capital market after the summer break today (Friday) by launching and pricing a Eu500m subordinated bond.

  • 16 Sep 2005

Led by Barclays Capital, Citigroup, Deutsche Bank and SG, the deal will be the first in the present wave of subordinated corporate bonds to carry a change of control covenant, which becomes active in the event of a leveraged buyout.

However, the deal faces a ...

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All International Bonds

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5 HSBC 81,053.20 424 5.08%

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