GUS bondholders demand improved deal

UK retailer GUS's attempts to tender its £350 million 4.6% 2013 bond as it undergoes a de-merger of its Experian credit information division from retail unit Argos were rebuffed by bondholders last month. But with a group of hedge funds and other investors hinting they would be willing to meet the borrower, the question now is whether a resolution can be reached - and in whose favour it will be.

According to UK newspaper The Times, bondholders are interested in meeting GUS, saying a resolutio

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: