HY Resort Trades Up

Aug 7, 2013

Playa Resorts Holding’s new $300m 2020 NC3 senior unsecured bond traded up following pricing, after the transaction generated $2.4bn demand. The Caa1/B rated startup hotel operator focused on Mexico, the Dominican Republic and Jamaica priced at par with an 8.00% coupon to yield at the tight end of 8.00%-8.25%...

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