Matalan’s £250m junk bond trades up
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Corporate Bonds

Matalan’s £250m junk bond trades up

Low-cost clothing retailer Matalan priced a £250m senior secured five year bond to yield 9.124%, the mid-point of guidance, on Wednesday. The notes, issued at 99, traded up to 100.38 on the break. They were bid at 99.875 on Thursday afternoon.

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