Simpler, less geared Lagardère raises €500m

By Jon Hay
11 Sep 2014

Lagardère, the unrated French media group, returned to the bond market on Wednesday with a successful €500m issue that showed how it has repositioned its credit as an investment grade issuer.

“We are not that frequent an issuer, so we came back today with our first deal since October 2012, and it was a great experience,” said Emmanuel Rapin, group treasurer at Lagardère in Paris. “It was great timing: we benefited from very low interest rates and a very ...

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