Hastings sets price guidance for £415m high yield bond

Hastings Insurance Group has released price guidance for its £415m bond package.

  • By Stefanie Linhardt
  • 14 Oct 2013

The senior secured notes will come in seven year fixed and six year floating rate tranches. The fixed rate tranche is being talked in the 8% to 8.25% area, the floating rate notes around Libor plus 600bp to 625bp with a reoffer price of 99.0.

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