Akzo Nobel docs could further pressure bond pricing

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Akzo Nobel’s speciality chemicals business may have to widen spreads on the €1.385bn bond backing part of its buyout by Carlyle and Singaporean wealth fund GIC as European investors resist terms that underwriting banks pledged to the sponsors.

Pricing is already under pressure due to competition from Refinitiv’s buyout financing, the largest since the financial crisis.

https://www.reuters.com/article/idUSL5N1W04HM

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