The private credit fund under Blue Owl, which was impacted by redemptions, plans to raise $500 million through bond issuance.
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According to informed sources, Blue Owl Credit Income Corp. has launched a five-year note issuance with a spread of 2.55 percentage points over US Treasury bonds. This is about 25 basis points narrower than the initial price guidance. The source stated that the proceeds will be used to repay debt. (Bloomberg)
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