Adidas’s 1 Billion Euros of Bonds Slide in First Day of Trading
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Adidas AG’s new 1 billion euros ($1.26 billion) of bonds slumped in their first day of trading.
The world’s No. 2 sports-goods maker’s seven-year notes slumped to 97.6 cents on the euro from an issue price of 99.145, according to prices compiled by Bloomberg. Its securities due October 2026 slid to 97.1 cents after being sold at 99.36 cents.