Deals
Lebara Group's Six-Month Old Bonds in Freefall as CFO Quits
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Lebara Group BV bonds extended a slide to new record lows, two days after the company disclosed its chief financial officer had left.
Lebara’s 350 million euros ($429 million) of notes fell 19 cents on the euro to 63 cents on Wednesday, following a 6-cent slide on Tuesday, according to data compiled by Bloomberg. They were issued six months ago to finance Lebara’s takeover by Palmarium, a private fund which lists offices in Switzerland, Luxembourg and Miami.