Reported 4 days ago
Forvia SE, a French auto supplier, has raised the yield on its first US dollar junk bond offering to 8% following US tariffs on auto imports imposed by President Trump. The decision to adjust the yield comes amidst a challenging environment for Europe's auto parts sector, which is experiencing a downturn in demand and increased costs. Forvia is under pressure with high debt levels and is considering selling major businesses to reduce borrowings.
Source: YAHOO