Bending Spoons prices $1.8 billion secured notes in dollars and euros
Italy's Bending Spoons priced a dual-currency senior secured notes offering totaling $1.8 billion, with settlement expected on or about November 4, 2026.
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what happened
Italian company Bending Spoons SpA has priced a dual-currency offering of senior secured notes totaling $1.8 billion, according to Reuters.
The deal consists of $1.25 billion of notes carrying a 9.625% coupon in US dollars and 500 million euros of notes carrying an 8.625% coupon in euros. Both tranches mature in 2032 and were issued at 100% of principal. The company had initially targeted $1.5 billion, and the offering was upsized.
Settlement of the offering is expected on or about November 4, 2026.
why it matters
For debt markets, the deal shows that investors are willing to fund a high-yield issuer in two currencies at a sizable volume. The coupons are well above those paid by the largest borrowers, so the cost of funding for the issuer is considerably higher, while the upsizing from $1.5 billion points to solid demand.
market impact
High-yield bonds: strong investor demand for the issuer's USD and EUR debt
tags
instruments
sources
- Bending Spoons SPA Prices Dual-Currency Senior Secured Notes Offering Totaling $1.80 Billion — Reuters, 28 October 2026 at 19:16 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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