Troubled engine maker pressed the fundraising button just in time but others may find it hard to follow suit Your debt is rated at junk, your cash-flows are erratic, your industry is in turmoil and your share price has tanked. So what horrible rate of interest do you have to pay to raise another billion or two of fresh borrowing? The answer in the case of Rolls-Royce is: not as horrible as feared. The aero engine maker’s bond offering – the most vulnerable element within the £5bn financing package unveiled a fortnight ago – is likely to be priced at 5%-5.25% for the euro-denominated slice and at 6.25% for the sterling and dollar components, Bloomberg reported on Tuesday.
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