TXU Launches First Tranche, Orders Reportedly Already Booked
A meeting was held yesterday to launch the B2 tranche of TXU. The $7 billion piece launched with LIBOR plus 3 1/2% pricing and an original issue discount of 99 1/2. There is call protection of 103, 102, 101. Market sources said orders have already been booked for the loans. Bankers declined to comment.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast