Friday, 6 November 2009

Dual on the Hill

Readers of the newspapers' market reports this morning may have experienced something of a double take...

"I hear that the William Hill boys are out schmoozing the bond markets this week in an attempt to raise some cash for the embattled bookie. Apparently the presentation has been poorly received." - SlackBelly, Wednesday November 4, 2009.

"William Hill was under pressure amid chatter it is about to sell high yield bonds to help refinance its existing £1bn debt pile." - Daily Telegraph, Friday November 6, 2009.

"William Hill traded 2½p lower at 173¾p as the bookie’s presentations to the bond markets failed to capture the imagination. It is looking to raise as much as £250 million, partly to pay down debt." - The Times, Friday November 6, 2009.

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