WorldPay and Iglo Birdseye rise quickly in secondary market
RBS WorldPay’s leveraged loan rose above par in the secondary market on Monday morning, said traders, after the deal broke into the secondary market on Friday and met with strong bids from lenders scaled back in the primary market.
The sterling and euro tranches had risen to between 100.375-100.875, more than a point above where they priced at 99, while the US dollar portion of the loan also traded around par.
The seven year bullet term loan B portion of the financing, comprising a £325m B1 piece, a
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