Petropavlovsk ‘one of the most difficult deals’ of the year
A chequered history of debt restructurings and shareholder rebellions meant that B- rated Petropavlovsk was always going to be a tough sell. But a chunky 8.125% yield helped the issuer scrape together $500m to pay back more expensive bank loans, according to lead managers, despite the year end fast approaching.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: