Jaguar, Fresenius bring increased intraday high yield deals
Frequent issuers Jaguar Land Rover and Fresenius were back in the high yield market on Tuesday, selling increased high yield bonds intraday.
Jaguar Land Rover upped its deal by £100m to sell £400m of eight year non-callable notes. The unsecured 2022 bond was priced in line with guidance in the 5% area at par to yield 5%.
Proceeds will be used to partly finance a tender offer for Jaguar’s £500m ...Already a subscriber? Login