Funding & Business
Theme Park Operator Merlin’s Bonds Slide After Credit Downgrade
Merlin Entertainments Ltd’s senior secured bonds are set for a record drop, after S&P Global Ratings warned that the theme park operator could run low on cash in a year.
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FineToday Holdings Co. has started sounding out institutional investor demand for a possible global share sale after the Japanese personal-care goods maker canceled a previous attempt to go public last year.
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Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
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Long-dated dollar notes from Asian issuers outperformed shorter debt for a third straight month, as investors rush to lock in elevated yields amid limited supply of the tenor.
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