Domestic & General price talk due today as whispers emerge

Lead managers are building a book for Domestic & General's £500m senior secured and unsecured high yield bond issue. Guidance is expected to be released later, but price whispers have emerged.

  • By Stefanie Linhardt
  • 23 Oct 2013

The UK insurance company's £200m senior secured fixed rate seven year tranche is whispered in the mid to high 6% range. The £150m eight year unsecured piece is expected in the low 8% range. The deal also comes with a £150m six year secured FRN.

Investors said the ...

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2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

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