Investors forming a view on holdco senior, as debt drifts wider

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Investors forming a view on holdco senior, as debt drifts wider

Investors are beginning to express a view on the relative value of senior unsecured debt issued from operating and holding companies, with some holdco senior widening significantly to comparable opco debt.

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