Altice International Bonds See Record Drop After Asset Drop-Down

Altice International’s bonds plunged the most on record on Monday following an announcement on Friday afternoon that the company had shifted some assets out of the reach of creditors, in...

By Giulia Morpurgo · Bloomberg Markets

Altice International’s bonds plunged the most on record on Monday following an announcement on Friday afternoon that the company had shifted some assets out of the reach of creditors, in an aggressive move aimed at stabilizing its finances.