Tereos failed deal hints at tough times for HY bonds

The French sugar producer pulls its non-call six-year perpetual as investors report a "fairly miserable" outlook for credit markets in the region.

French sugar producer Tereos scrapped what would have been its first bond deal in Asia, a non-call six-year perpetual, on Monday night as investors reported weak conditions on the region's high-yield credit markets.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media