Wednesday, January 21, 2009

Media Popularity Rater Nielsen Coming to a Vicious HY Market with Bond Offering

The expectation is that Nielsen Co. (Caa1/CCC+) will be coming to market momentarily to take advantage of "demand" for junk debt. Apparently the issue will be $300 million maturing in 5 years. We say the OID will be 25 points and we also take the under. Sphere: Related Content
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