Recognition Music Group has priced its USD $372 million asset-backed securities (ABS) offering on July 30, with the bonds carrying a 5.604% coupon and yielding 1.7 percentage point over the benchmark. The bonds were three times oversubscribed, suggesting strong investor appetite for music royalty-backed debt.
Source: Recognition Music prices oversubscribed $372M bond deal backed by Justin Bieber and Shakira catalogs