The world’s largest maker of automotive batteries is set to sell more than $10 billion worth of speculative-grade debt Friday to fund its purchase by an investor-group led by Brookfield Business Partners LP, underscoring the recent resurgence in demand for low-rated bonds and loans.
Power Solutions, the automotive-battery business currently owned by Johnson Controls International PLC, is poised to sell roughly $3.7 billion worth of secured and unsecured bonds, denominated in both dollars and euros, along with around $6.5 billion...
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I HAVE SOME DEBT TO SELL, ANY TAKERS?
But isnt this same as sub prime ? Problem of 2008 recession right!