Getting your player ready...
NEW YORK — Bankers sold $2.2 billion of First Data Corp. senior unsecured bonds Tuesday, marking the first sizable sale of a leveraged-buyout-related offering in the high- yield-bond market since the summer credit crunch.
A deep discount on the bonds – 94.796 cents on the dollar – and a coupon of 9.875 percent were enough to drum up buyers for the $2.2 billion of bonds on offer but not enough to allow underwriters to increase the amount sold for the Greenwood Village- based company.
