Institutional investors wolf down Dunkin' Donuts securitization

dunkin donuts
By Ryan Bolger
22 Jan 2015

Strong demand from institutional investors allowed Dunkin’ Brands to upsize its whole business securitization by $200m to $2.6bn on Thursday, making it one of the largest such deals in recent memory.

The notes were priced at 225bp over swaps, yielding 4% for investors. Market participants told GlobalCapital they thought the deal was fairly priced to reflect the business risk arising from Dunkin’ Brands franchise agreements with its 18,602 global restaurants.

A person close to the deal told GlobalCapital ...

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