Cirsa to tap four year high yield bond for €120m

Cirsa, the Spanish gambling company, has launched the second European high yield bond of 2014. It wants to tap its 8.75% May 2018 notes for €120m.

  • By Stefanie Linhardt
  • 07 Jan 2014

It has already issued €780m of the notes, with which the add-on will be fungible after 40 days.

Cirsa’s last bond issue was a tap of this same deal in January last year, when it priced €100m at 99.75 to yield 8.805%.

This time, the notes are trading ...

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