Reuters – Citadel Investment Group LLC, one of the world’s largest hedge funds, sold $500 million of debt on Thursday, drawing about double that amount of orders for the first corporate bond sale bya hedge fund, market sources said.
The $12.7 billion Chicago-based fund attracted demand with high yields, overcoming some concerns about a new debt product from an unregulated industry, investors looking at the offering said.
Citadel Investment Group LLC, one of the world’s largest hedge funds, sold $500 million of debt on Thursday, drawing about double that amount of orders for the first corporate bond sale by ahedge fund, market sources said.
The $12.7 billion Chicago-based fund attracted demand with high yields, overcoming some concerns about a new debt product from an unregulated industry, investors looking at the offering said.
