Eurotunnel readies debt repackaging

The repackaging of Eurotunnel debt, which was postponed in December, will be launched in the next two weeks, according to market players.

The Dresdner Kleinwort Wasserstein and Merrill Lynch-led transaction was marketed to the buy-side late last year, but poor market conditions and investors' concern about Eurotunnel's existing debt and operating structure led to the securitisation being postponed.

WSJ Logo