Medical Properties Trust upsizes drive-by; US Renal Care slips; Inflows to asset managers continue

By Paul A. Harris

Portland, Ore., July 17 – Medical Properties Trust priced an upsized $900 million issue of 4 5/8% 10-year notes at a 99.50 discount to yield 4.688% in a Wednesday drive-by.

The issue size was increased from $750 million, the yield printed on the tight side of yield talk in the 4¾% area.

Recently issued bonds of U.S. Renal Care, Inc. slipped as the market continues to mull recent announcements that the federal government may be reshaping how it pays for care of end-stage renal disease.

And actively managed high-yield funds, lately enjoying a steady stream of positive cash flows, saw a healthy $315 million of inflows on Tuesday.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.