Dell Technologies Group bonds are now available as DirectBonds to wholesale investors, in minimum investment amounts of USD10,000
Five Dell Technologies Group bonds are now available to wholesale investors, with maturities ranging from 2021 to 2038. There are three senior unsecured issued from Dell Inc., and two senior secured issued from Diamond Finance Corporation. Diamond Finance is a special purpose financing entity ultimately controlled by Dell Technologies. The group and conditions within the bond indentures are relatively complex, and investors should review related information memorandums and other offering documentation available.
*Pricing is indicative as of 13 September 2016 but subject to change.
|Security ||Rank ||Maturity ||Yield to maturity* ||Factsheet link |
|Dell Inc. 4.625% fixed rate ||Senior unsecured ||1 April 2021 ||3.25% ||Factsheet |
|Dell Inc. 7.10% fixed rate ||Senior unsecured ||15 April 2028 ||6.13% ||Factsheet |
|Dell Inc. 6.50% fixed rate ||Senior unsecured ||15 April 2038 ||6.52% ||Factsheet |
|Diamond Finance Corp 6.02% fixed rate ||Senior secured ||15 June 2026 ||4.79% ||Factsheet |
|Diamond Finance Corp 8.10% fixed rate ||Senior secured ||15 July 2036 ||6.52% ||Factsheet |
Dell Technologies designs, develops, manufactures, markets and sells information technology products. In 2013, Dell announced a USD24.4bn leveraged buyout deal, which delisted its shares from the NASDAQ and Hong Kong Stock Exchange and took it private. In October 2015, Dell announced its intent to acquire enterprise software and storage company EMC Corporation. The transaction was closed in September 2016 and the combined entity is named Dell Technologies.
Dell Technologies is one of the largest technology companies globally, with leadership positions across the PC, servers, storage and virtualization software markets. This entity not only includes EMC, but EMC's wholly and partially owned subsidiaries, such as VMWare and Pivotal Software. Dell Technologies has revenues of USD74bn, 140,000 employees and a presence in 180 countries.
Director - Credit Research, Industrials and Corporates. Will has over 15 years’ experience in credit and fixed income markets, including 6 in London, working at fund managers, banks and government treasury.