Twitter draws followers for high-yield debut

摘要

twitter made an impressive entrance to the high-yield market on Thursday, with heavy investor demand helping the firm print one of the lowest coupons seen this year. The Twitter debut, a US$700m eight-year non-call for life senior unsecured bond, was different from other tech sector issuers that have brought high-yield bonds in recent years such as Netflix, Tesla or WeWork, which have struggled to generate free cashflow.