Twitter Twtr: Bonds Bb

twitter twtr: Its strong following earned Twitter TWTR, 0.50% a record too its bonds priced at the lowest yield yet for a first-time issuer in the roughly 1.2 billion U.S. junk-bond market, according to a person familiar with the matter, who was not authorized to speak publicly, according to Market Watch. While Burger King parent Restaurant Brands International Inc. The nearly eight-year parcel of bullet bonds, due in 2027, were increased on Thursday from an initial size of 600 million, while yields plunged to 3.875% from 4% a day ago. QSR, -0.68% priced a junk-bond deal at the same 3.875% in September, it has a much longer track record in debt markets, with some 12.6 billion of high-yield bonds and loans outstanding, according to Fact Set data. S&P Ratings gave the new bonds BB marks, which sits them only one notch below the coveted investment-grade status. Up until this point, Twitter has only issued convertible notes in private placements, which has served the company well given the low coupons and high conversion prices relative to Twitter's 30.00 stock price on 12/4/2019 close wrote Credit Sights' senior analyst Jordan Chalfin in a client note Thursday. (news.financializer.com). As reported in the news.