Cabot looks for £100m high yield bond in 8.5% area

By Stefanie Linhardt
29 Jul 2013

Consumer debt purchaser Cabot is hoping to sell its second high yield bond. The £100m seven year transaction is guided in the 8.5% yield area and is expected to be priced later today.

Bookrunners JP Morgan (billing and delivering) and Lloyds, as well as co-manager DNB Markets held an investor call at 10 London time this morning and are planning to price the bond around 5pm.

The non-call three notes will be senior secured and pari passu with Cabot's £265m senior secured ...

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