Carlyle Group (CG) has announced a new issuance of subordinated notes with a maturity in 2061. The notes will be sold by Carlyle Finance LLC and guaranteed by Carlyle Group.
I don’t find a current rating for this issue, but it likely a fair assumption this will be a low coupon issue–from a solid issuer.
Carlyle Group is an asset manager with $260 billion under management.
The new issue will trade under TCGS when it finally begins to trade on NASDAQ.
The preliminary prospectus can be read here.
J and EarlyBird were right on top of this one.
https://www.sec.gov/Archives/edgar/data/1548630/000119312521150246/d264504dfwp.htm
As meager as it it, by comparison a couple ute debt issues came to market today at treasuries plus a few bps.
I see kkr 4 5/8’s are trading OK so….
400 million dollars 16 mill shares 4.625%
I agree with Tim most likely a very low yielder as its a solid company. I owned one of their preferreds for years before they called it away of course. On a side note Markel Corp. came out this morning with a 31 Year Bond. Schwab told me it will be a 3.54% coupon. But of course they usually tweek that later in the day. Pretty rough sledding out there for the fixed income crowd.
does anyone have any idea on yield talk?
~ 4.625%