New Towergate group KIRS prices £800mn debt offering

Consolidated broker holding company KIRS Group priced about
£800mn ($1.04bn) in debt today through sales of five-year
securities that carry rates well above high-yield bond
benchmarks.
The group said it priced £400mn in senior secured notes
that mature in 2023 to yield 8.375 percent and $520mn in similar
securities that also come due in 2023 at 8.625 percent. The
proceeds are to be used to retire £500mn in existing debt and
help pay for the recently announced acquisitions of Ch