Offshore Drilling Co. Transocean Eyes $1.5B "Fallen Angel" High Yield Bond Deal |
| July 06, 2016 | July 2016 Bond Updates |
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Transocean is tapping the high-yield bond market for the first time as a fallen angel with $1.5 billion of seven-year (non-call three) notes via Morgan Stanley and Goldman Sachs, sources said. An investor lunch for the offering is scheduled for today at noon EDT, with pricing expected on Thursday, sources added. |
| View more at: http://www.forbes.com/sites/spleverage/2016/07/05/offshore-drilling-co-transocean-eyes-1-5b-fallen-angel-high-yield-bond-deal/ |
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