Altice screws in pricing on near-US$60bn orders

摘要

Altice priced the bond backing its Portuguese telecom acquisition at incredibly tight yields, after rampant demand saw nearly US$60bn of orders placed for the US$5.3bn-equivalent deal. While this was not as large as the whopping US$100bn of combined orders for Altice and Numericable's record-breaking US$16.7bn-equivalent bond deal priced in April 2014, the oversubscription was much higher this time around as the deal was far smaller.