How often do hedge-funds issue debt?
Came across a debt issuance by Citadel from last week and was wondering if this is a common thing for hedge-funds? It looks like they issued $600mm at 3.375% for 5 years with a BBB rating and was wondering if these are good terms for a firm like Citadel or does it signal maybe something worse? Haven’t had too much exposure to DCM so i would greatly appreciate some insight
Issuance Data: https://www.spglobal.com/marketintelligence/en/ne…
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