Hedge funds buy more of Nine's senior debt - report
A group of hedge fund investors has reportedly purchased about A$130 million ($133 million) worth of senior debt in CVC Asia Pacific-owned Nine Entertainment from BNP Paribas and Commonwealth Bank of Australia (CBA).
Sources close to the sale told Reuters that BNP sold around A$90 million of the debt and CBA sold around A$37 million. The purchase is said to increase the voting capacity of hedge funds ahead of a critical...
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