Equiniti’s debut high yield bond to price tomorrow

Equiniti, the UK provider of specialised business process outsourcing, plans to sell its £440m debut high yield bond tomorrow.

  • 22 May 2013

The issue's two tranches are both senior secured with 5.5 year tenors. The floating rate tranche is expected to be between £175m and £200m and is guided in the 500bp over Libor area, while the fixed rate notes are talked in the 6.75%-7% area.

Physical bookrunners JP Morgan (billing and ...

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