Rallye Casino - exiting 21s ahead of results

All,

We have exited our position in the 21s at 102. The bonds have traded up significantly (above par) since we bought in and we are looking for opportunities to re-deploy within Casino after the results.

Ahead of results tomorrow, Casino have released that the transaction with Apollo has closed. Clearly that won’t yet be reflected in the results, but it does close a transaction that was doubted for a while.

Wolfgang