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Cineplex unrated debt sees $1B of demand in yield grab


Cineplex sells blowout bond deal as investors bet on recovery
Esteban Duarte, Bloomberg News
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Cineplex Inc. sold its $250 million sale of unrated bonds at a lower yield than previously offered after seeing strong demand from investors seeking to play the economic recovery trade.
Canada’s largest chain of movie theaters priced the second-lien secured senior notes due 2026 to yield 7.5 per cent, according to people familiar with the matter. That compares with an earlier guidance between 7.5 per cent and 7.75 per cent and preliminary discussions with investors Thursday for 8 per cent to 8.25 per cent, said the people, who asked not to be named before the deal is completed. ....

Entertainment Holdings Inc , Cineplex Inc , Holdings Inc , Odeon Cinemas , Canada High Yield Index , பொழுதுபோக்கு ஹோல்டிங்ஸ் இன்க் , சினிப்ளெக்ஸ் இன்க் , ஹோல்டிங்ஸ் இன்க் , ஓடியந் சினிமாக்கள் , கனடா உயர் மகசூல் குறியீட்டு ,

Cineplex sells blowout bond deal as investors bet on recovery


Cineplex sells blowout bond deal as investors bet on recovery
Esteban Duarte, Bloomberg News
VIDEO SIGN OUT
Cineplex Inc. sold its $250 million sale of unrated bonds at a lower yield than previously offered after seeing strong demand from investors seeking to play the economic recovery trade.
Canada’s largest chain of movie theaters priced the second-lien secured senior notes due 2026 to yield 7.5 per cent, according to people familiar with the matter. That compares with an earlier guidance between 7.5 per cent and 7.75 per cent and preliminary discussions with investors Thursday for 8 per cent to 8.25 per cent, said the people, who asked not to be named before the deal is completed. ....

Dhruv Mallick , Alex Schwiersch , Leith Wheeler Investment Counsel Ltd , Cineplex Inc , Canada High Yield Index , Leith Wheeler Investment Counsel , திருவ் மல்லிக் , லீத் சக்கர வாகனம் முதலீடு ஆலோசனை லிமிடெட் , சினிப்ளெக்ஸ் இன்க் , கனடா உயர் மகசூல் குறியீட்டு , லீத் சக்கர வாகனம் முதலீடு ஆலோசனை ,

Cineplex Lowers Yield of Unrated Debt Sale on Strong Demand

(Bloomberg) Cineplex Inc. sold its C$250 million ($198.1 million) sale of unrated bonds at a lower yield than previously offered after seeing strong demand from investors seeking to play the economic recovery trade.Canada’s largest chain of movie theaters priced the second-lien secured senior notes due 2026 to yield 7.5%, according to people familiar with the matter. That compares with an earlier guidance between 7.5% and 7.75% and preliminary discussions with investors Thursday for 8% to 8.25%, said the people, who asked not to be named before the deal is completed.The transaction comes as investors worldwide are positioning for a post-pandemic reopening as countries execute Covid-19 vaccination campaigns. Investors piled into the deal even though Canada has an additional layer of uncertainty because its vaccination effort is lagging most key Western economies, according to data compiled by Bloomberg.“From a market functioning perspective, the Cineplex transaction show ....

Bloomberg Cineplex Inc , Canada High Yield Index , Convertible Bonds , ப்ளூம்பெர்க் சினிப்ளெக்ஸ் இன்க் , கனடா உயர் மகசூல் குறியீட்டு , மாற்றத்தக்கது பத்திரங்கள் ,