Pirelli scraps bonds and rolls back to loans, will launch refi imminently

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

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Pirelli scraps bonds and rolls back to loans, will launch refi imminently

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Pirelli will not refinance its €6.8bn acquisition bridge loan in the bond market as planned. A torpid high yield bond market has spooked the borrower away from capital markets and back to bank loans.

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