Independent is issuing a 5y EUR100 mm bond. It has a bullet repayment structure and an interest rate, payable quarterly of 9.5% per year over the three month Euribor rate (with a floor of zero when this rate is negative as it is currently). The company has the option to issue additional amounts up to a maximum aggregate of EUR30 mm.
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FLASH: EUR100 mm bond issue
- Published:
09 Sep 2019 -
Author:
Stephane Foucaud -
Pages:
2
Independent is issuing a 5y EUR100 mm bond. It has a bullet repayment structure and an interest rate, payable quarterly of 9.5% per year over the three month Euribor rate (with a floor of zero when this rate is negative as it is currently). The company has the option to issue additional amounts up to a maximum aggregate of EUR30 mm.