Institutional investors wolf down Dunkin' Donuts securitization
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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