Study Group passes bond entry test with flying colours
Study Group UK, the company that provides courses for overseas students preparing to study at UK and Australian universities, succeeded in pricing its £205m debut bond on Thursday at the tight end of guidance.
Global coordinators Goldman Sachs (billing and delivering) and Barclays sold the five year non-call two bonds, rated B3/B-, at par at an 8.875% yield, inside guidance released on Wednesday of 9% area. The bond was issued through EDU UK Bondco Plc.
The sale was accelerated from an original plan
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