Travelex guides two-tranche high yield debut

Travelex, the UK bureau de change chain and foreign exchange dealer, is looking to sell its £350m high yield bond on Wednesday. Price guidance for the two-tranche transaction was released on Tuesday afternoon.

  • By Stefanie Linhardt
  • 23 Jul 2013

The senior secured fixed rate notes are guided in the 8%-8.25% area and the floating rate notes in the Libor plus 600bp area with a reoffer price between 99.5 and par.

Books are set to close at 10.30am London time on Wednesday with pricing thereafter.

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