(Reuters) - South African retailer Edgars Consolidated Stores (Edcon) is offering higher yields on 1.83 billion euros of high-yield bonds it is selling to fund its buyout by Bain Capital after Wednesday's credit market sell-off, a syndicate source said on Thursday.
The clothing and fashion retailer plans to sell 1.18 billion euros of 7-year senior secured floating-rate notes yielding 275 to 300 basis points over Euribor, the source said, versus earlier guidance of 275 basis points area.
Read more at Reuters Africa
The clothing and fashion retailer plans to sell 1.18 billion euros of 7-year senior secured floating-rate notes yielding 275 to 300 basis points over Euribor, the source said, versus earlier guidance of 275 basis points area.
Read more at Reuters Africa
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