KCA Deutag joins offshore HY queue

22 Mar 2013

KCA Deutag, the Scottish drilling contractor, has joined a crew of offshore drilling and oil services companies hoping to issue high yield bonds.

KCAD launched $860m of senior secured seven year bonds on Monday. It met investors in the US all this week and will present to European accounts on Tuesday and Wednesday next week, March 26-27.

JP Morgan, Bank of America Merrill Lynch, HSBC, Lloyds and Morgan Stanley are arranging ...

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