EUROBOND CORP WRAP: Supply poised to pick-up a touch this session
In the high-yield market, revised price-talk of 11.25% area has emerged on the forthcoming €200m (minimum) unsubordinated, unsecured Reg S five-year deal for International Personal Finance, rated BB+ by Fitch, from 11% to 11.50% previously. Proceeds from the sale will be used for the refinancing of existing bank debt and/or to lend to subsidiaries and is not intended for the purpose of acquisitions. The leads are Citigroup and HSBC.
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