KKR pulls off euro debut at small NIP

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By Alex Radford
16 May 2019

KKR, the US private equity firm, issued its first euro bond on a crowded day on Wednesday, competing with four other issuers, but that did not stop it achieving attractive execution.

Working out how to price private equity firms' bonds is not easy, as they are neither true corporate issuers nor financial institutions. KKR has dollar bonds, but its last 10 year was in 2010 and since then it has only issued 30 year bonds, making it hard to ...

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