Cirsa breaks up a point as HY starts strongly
Spanish gaming group Cirsa issued Europe’s first high yield bond of the year on Tuesday night, a Eu280m tap of its Eu400m 8.75% May 2018 note, issued in April 2010. The tap, issued through Cirsa Funding Luxembourg, was priced at 100.5, the mid-range of guidance of 100-101, to yield 8.652%. It was trading up a point on the break.
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