Frigoglass
Frigoglass bonds surge on plan to sell glass unit to reduce debt
Bonds of Frigoglass SAIC surged to an eight- month high after the Greek refrigeration supplier said it will sell its glass unit to pay down debt and focus on its core cooling business.
The company?s 250 million euros ($279 million) of 8.25 percent notes due May 2018 rose 4.9 cents on the euro to 100.7 cents, according to data compiled by Bloomberg.
Frigoglass posts lower fourth-quarter loss
Greek refrigerator maker Frigoglass reported a smaller loss in the fourth quarter compared to the same period a year earlier on Thursday, helped by cost savings and lower input costs.
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