Bonds
Blue Owl Joins Bond Rush With $1 Billion Note to Repay Debt
- Bond offering yields 260 basis points over Treasuries
- Blue Owl among 10 firms selling blue-chip debt Tuesday
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A Blue Owl Capital Inc. fund sold $1 billion of debt in the US high-grade bond market on Tuesday, adding to the flood of new issuance seen over the last few days.
Blue Owl Credit Income Corp., one of the funds under the private markets-focused alternative asset manager, priced the long five-year note, according to a person familiar with the matter. The note yields 2.6 percentage points over Treasuries after initial price talk in the 2.8 percentage points area, the person said, asking not to be identified as the details are private.