Single-B UPC takes 12 year money at sub-4%
Liberty Global’s UPC Holding locked in a coupon of below 4% for a 12 year bond, the longest maturity for a new deal in the European high yield market so far this year.
“Investors are becoming more vocal, which is not to say that borrowers are necessarily in for higher premiums but that investors are very keen to suggest changes that both parties can agree on,” said a lawyer working on high yield deals this week.UPC’s €635m deal on ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org