ENXTPA:DBGCommercial Services
Derichebourg (ENXTPA:DBG) Could Be 11% Below Fair Value On Notes Redemption
Derichebourg (ENXTPA:DBG) has moved to redeem the remaining €300,000,000 of its 2.250% Senior Notes due 2028, a financing decision that puts the group’s debt mix and funding costs in focus.
Recent trading tells a mixed story. The share price is down about 9% over three months but still up 34% year to date, while a 1-year total shareholder return of roughly 82% and 3-year total shareholder return of about 110% point to strong longer run momentum. This frames the debt redemption as another...