DFC Global pulls sterling, Canadian dollar HY bonds

By Stefanie Linhardt
29 Nov 2013

DFC Global, the US-listed payday lender, has postponed its $650m-equivalent high yield bond issue in sterling and Canadian dollars because of “current market conditions,” the company said.

The issuer had planned to issue bonds in sterling and Canadian dollars instead of US dollars, as it had done previously. With the proceeds, DFC Global would have refinanced its $600m 10.375% 2016 notes.

When DFC issued that bond it swapped the proceeds into sterling and Canadian dollars, ...

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