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Luxottica: bonds selling like hot cakes, but the stock falls

Title in the red in Piazza Affari despite the excellent response from investors to the 10-year bond issue which took place yesterday – The bond was priced at 99,281, equal to a yield of 2,708%, 80 basis points above the midswap rate ( well below the 95 initially indicated).

Luxottica: bonds selling like hot cakes, but the stock falls

Day of sales on the stock on the Stock Exchange Luxottica, which at the beginning of the afternoon leaves more than one percentage point on the field. The eyewear giant is not benefiting from strong investor response to yesterday's 10-year bond issue. 

The bond was priced at 99,281, equivalent to a yield of 2,708%, 80 basis points above the midswap rate (well below the 95 originally indicated). 

The placement was highly successful among investors, with requests exceeding four billion euros, also thanks to the fact that before yesterday there were only two other Luxottica bonds outstanding.

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