Senior Secured Corporate Bond
Outlook: No Trend
Action date: 04/08/2020
Rating action: Downgrade

TYCHE GESTION CORPORATION BV

In 2018, Tyche issued a corporate Bond (senior secured) for a total amount of € 30MM. The main purpose of the issue was the repurchase of the Bond issue carried out by Cadena Mar (Grupo Batle) in 2017. The issue shows a solid security structure and covenants package, which give an adequate protection degree to the bondholder. In addition, the transaction has and adequate coverage degree under a hypothetical default scenario.

Rating

ISIN: ES0205285002
Solicited
Date last rating: 04/08/2020
Date first rating: 04/24/2018