Man Utd may struggle to sell £500m bonds - analyst

Earlier this week, Manchester United announced it is to raise £500m through a bond issue in a bid to pay off its debts. The bonds are set to mature in 2017 and will be issued by MU Finance. But Jonathan Moore, high-yield analyst at Evolution Securities, says many investors will be looking elsewhere. "Most traditional high-yield investors won't touch this," London-based Moore told Bloomberg. "It's unrated, so some investors can't take it, and there's a very busy new-issue calendar so there are plenty of alternatives. Most people just won't focus on something with far too much levera...