Democratic Underground - Treasurers Embrace Pay-in-Kind Bonds as Ghost of Lehman Fading

Reply #68: Treasurers Embrace Pay-in-Kind Bonds as Ghost of Lehman Fading [View All]

Demeter

(1000+ posts) Send PM | Profile | Ignore

Sat Jan-23-10 08:43 AM
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68. Treasurers Embrace Pay-in-Kind Bonds as Ghost of Lehman Fading

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aHPJiIEm2a80

Companies are selling debt with terms last seen before credit markets froze, showing why the world’s biggest bond fund manager says another bubble may be brewing.

JohnsonDiversey Holdings Inc., a Sturtevant, Wisconsin, maker of cleaning supplies, and Wind Acquisition Holdings Finance SpA, parent of Italy’s third-largest mobile-phone company, sold bonds that can pay interest in new debt instead of cash, the first such deals since 2007, according to Bloomberg data. Goodman Global Inc. raised $320 million to pay its owner, leveraged buyout firm Hellman & Friedman, a dividend, one of at least seven similar offerings since November...

THIS HAS TO BE WORTH AT LEAST :wtf: :wtf: :wtf: :wtf: :wtf: :wtf: :wtf:

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Reply #68: Treasurers Embrace Pay-in-Kind Bonds as Ghost of Lehman Fading [View All]