Blackstone, Blue Owl BDCs expand bond issuance after a quiet third quarter

OWL +1.76% ING -1.44%

1. 1Blue Owl Technology Finance (OTF) and Blackstone's (BX) BCRED each upsized their bond offerings on Monday.
2. 2OTF added to its 6.500% 2029 notes first sold in June, raising $400 million against a $200 million target, while BCRED brought in $750 million versus a roughly $500 million target.
3. 3The two upsized deals marked the first real test of investor demand for BDC debt since the start of the third quarter.

Source Bloomberg +1 · View original ↗

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