Valvoline’s Junk Bonds Leave Investors Clamoring for MoreBy
Investor orders were 12 times more than what Valvoline needed
Oil-change store operator locks in lowest coupon since June
For an indication of just how thirsty investors are for anything that offers yield, look no further than Valvoline Inc.’s bond sale this week.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.