LEVFIN SNAPSHOT: Dufry, Nexi, K+S Bonds Gain on Deals
2020-10-05 12:19:18.259 GMT
By Libby Cherry
(Bloomberg) — Bonds issued by Swiss duty-free retailer
Dufry AG reached their highest since early March, according to
data compiled by Bloomberg, after announcing Alibaba Group
Holding Ltd will buy as much as 10% of the company.
* Co’s EU800m bonds due October 2024 rose 5.1 cents on the euro
to 92.4
** Alibaba is participating in the firm’s CHF700m capital
increase and forming a joint venture in China
** “We see this agreement as positive as it will allow Dufry to
expand its presence in China’s travel retail market while
enhancing its digitalization strategy”: analysts at Spread
Research said in an emailed note to clients
* German fertilizer manufacturer K+S AG’s bonds were at their
highest since February, after the company confirmed it was in
“very advanced negotiations” with Stone Canyon Industries
Holding to sell its American salt division, according to a
statement Monday
** Co’s EU625m notes due in April 2023 jumped 3.4 cents on the
euro to 98.5
** Potential purchase price for unit at USD3.2b: more
* Italian payment provider Nexi SpA’s bonds gained 0.6 cents on
the euro, the most since June, following the news it would buy
SIA SpA for EU4.56b Monday
** EU825m notes due October 2024 at 99.7 cents
** Nexi also said to have made a non-binding offer for digital
payment processor Nets A/S: more
** “We expect no change to the capital structure to result from
this transaction”: Umair Javed, senior credit analyst at Lucror
Analytics in an emailed note to clients
* GBP350m bonds due May 2026 from William Hill reached their
highest since issuance at 107.7 pence