Search
 

Greece Exit Hurts Coca-Cola Hellenic’s Debt

Investors fret cost of move will mean more debt, ratings downgrade.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Coca-Cola Hellenic Bottling Co. SA bondholders are losing confidence in the firm’s plan to leave Greece on concern the cost of the move will trigger a credit-rating downgrade for the nation’s biggest company.

The extra yield investors demand to own Coca-Cola Hellenic’s most-traded notes over the safest government debt plunged one percentage point on Oct. 12, the day after the company said it planned to move its headquarters to Switzerland. Since then, the spread on the 4.25 percent bond due 2016 has widened by 0.61 percentage point to 232 basis points.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Recommended Stories

Transfer Pricing Considerations in Light of Covid-19

Susan Fickling-Munge & Zachary Held |

Whether or not they’ve taken drastic steps such as restructuring, U.S. businesses are facing a changing environment that requires them to revisit transfer pricing policies.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.