Here are Pauli’s comments on how HK is considering issuing a new corporate bond. 
On Monday, HKFoods announced that it is considering the issuance of a new bond to refinance its current €90 million bond maturing next summer. We estimate that refinancing will enable savings in financing costs, as the company’s financial position has strengthened in recent years following its earnings turnaround. The situation has been known, and the announcement therefore does not cause pressure to change our forecasts—at least not before precise information on the bond’s pricing is available. In addition to refinancing, the company also secured new bank loans, which we estimate will provide additional flexibility for liquidity and investments.