Conti to Place High-Yield Bond

16th August 2010 | 0 Comments
 
Conti to Place High-Yield Bond

According to ‘confidential sources’, Continental AG is planning another high-yield bond placement for September. Reuters Deutschland reports the bond will be to the value of less than a billion euros, a scale comparable with the five-year bond the indebted company released in July. Company CFO Wolfgang Schäfer has previously stated that Continental plans to place bonds to a total volume of up to four billion euros.

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Category: Company News

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