Report
Nuveen reportedly offered its entire position in Brightline’s senior uninsured bonds
Bloomberg reports, citing people familiar with the matter, that Nuveen was behind a flurry of trading in the bankrupt private railroad’s municipal debt in late September.
TLDR
Bloomberg reports, citing people familiar with the matter, that Nuveen offered its entire position in Brightline’s senior uninsured bonds amid a flurry of municipal-debt trading. Its headline says Nuveen was “said to dump” $190 million of Brightline debt at 45 cents.
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