Free Trial

CREDIT UPDATE: AroundTown (ARNDTN: BBB+ neg): Exchange Offer On Hybrids

CREDIT UPDATE
  • AroundTown announced a Tender/Exchange for 6 short call Perps.  
  • The new issue will be a Tap of the XS2799494120 ARNDTN 7.125 Call30
ISINDesOutstandingExchangeTenderLast Price 
XS1508392625ARNDTN 7.078 PERP106.9MM87.50%78%71.953 
XS2055106210ARNDTN 3 3/8 PERP209.3MM86.50%77.13%72.642 
XS1752984440ARNDTN 4.542 PERP117.9MM70%64.50%60.492 
XS2027946610ARNDTN 2 7/8 PERP100.742MM79.50%70.75%67.257 
XS2017788592ARNDTN 8.5211 PERP20.434MM87.25%78.50%72.4 
XS1634523754ARNDTN 7.747 PERP87.615MM87%79%74.019 
43 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • AroundTown announced a Tender/Exchange for 6 short call Perps.  
  • The new issue will be a Tap of the XS2799494120 ARNDTN 7.125 Call30
ISINDesOutstandingExchangeTenderLast Price 
XS1508392625ARNDTN 7.078 PERP106.9MM87.50%78%71.953 
XS2055106210ARNDTN 3 3/8 PERP209.3MM86.50%77.13%72.642 
XS1752984440ARNDTN 4.542 PERP117.9MM70%64.50%60.492 
XS2027946610ARNDTN 2 7/8 PERP100.742MM79.50%70.75%67.257 
XS2017788592ARNDTN 8.5211 PERP20.434MM87.25%78.50%72.4 
XS1634523754ARNDTN 7.747 PERP87.615MM87%79%74.019