TITLE

Luck of the Irish For Kingspan Securities

AUTHOR(S)
O'Connor, Colleen Marie
PUB. DATE
March 2005
SOURCE
Investment Dealers' Digest;3/7/2005, Vol. 71 Issue 9, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that upsized private placement gets tightest spread in the history of Ireland. Just when it seemed spreads could not contract a single basis point tighter, they have. In the private placement market, at least, water can still be squeezed out of stone. Last week, Ireland's Kingspan Securities Ltd., a subsidiary of Kingspan Group Pic, a financial firm, circled up a private senior note placement that landed the tightest spreads seen to date for an issuer from that country, which was quite a feat, especially for a first-time issuer. The transaction was upsized to $200 million. The deal carried prices commonly associated with higher credits, an indication of today's market realities.
ACCESSION #
16308112

 

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