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A$ Credit: Rare Aus High Yield/ Unrated Deal Prices at BBSW+1050

CREDIT UPDATE

PIOCRE Float 12/29/28 (AU3FN0089314)


This was a refinance of the PIOCRE Float 11/30/25


Pioneer Credit got into some trouble during Covid as distressed debt portfolios sky rocketed, the bonds recovered as they were cleaned up at par, while the equity price still trades near covid lows

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