This is nuts. PIK toggle edition

From IFR/Reuters on Thursday…

Schaeffler is looking to price the largest post-crisis PIK toggle bond, in a 2.5bn-equivalent deal that is expected to have the lowest coupons yet seen for the risky instrument.

Continue reading: This is nuts. PIK toggle edition

From IFR/Reuters on Thursday…

Schaeffler is looking to price the largest post-crisis PIK toggle bond, in a 2.5bn-equivalent deal that is expected to have the lowest coupons yet seen for the risky instrument.

Continue reading: This is nuts. PIK toggle edition