The top-end pricing was no great surprise after sources said the current declining trend in the secondary market had little noticeable impact on the order flow. While no subscription ratios were available for the institutional book, it reportedly contained a large portion of ôgood qualityö long-only funds and there was virtually no price sensitivity. One source says more than 400 accounts participated.
Meanwhile, the retail portion of the offering was more than 300 times covered, triggering a...
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