Primus goes long with new bond issue

Credit derivatives product company Primus Guaranty has priced $125 million in 30-year senior bonds.

Paying a coupon of 7%, the deal is expected to be rated Baa1 by Moody’s and BBB+ by Standard & Poor’s.

The issue is for general corporate purposes and was led by Wachovia, Morgan Stanley, Lehman Brothers and Banc of America.

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: