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CREDIT SUPPLY: Friesland Campina (FCDF: Jr Sub BB+/BBB-): Tender & New Issue

CREDIT SUPPLY
  • Positive for outstanding FCDF 2.85% PerpCall25: Tender 99.25% +accrued vs 98.00 Mid yday
  • The company is planning a new issue hybrid. The tender is subject to the company's ability to issue new bonds.
  • Announcement of results will be 22nd October with settlement 24th October
  • The existing bond wasn't due to be called until Sep '25 with Reset in December '25
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  • Positive for outstanding FCDF 2.85% PerpCall25: Tender 99.25% +accrued vs 98.00 Mid yday
  • The company is planning a new issue hybrid. The tender is subject to the company's ability to issue new bonds.
  • Announcement of results will be 22nd October with settlement 24th October
  • The existing bond wasn't due to be called until Sep '25 with Reset in December '25