Nuveen Said to Dump $190 Million of Brightline Debt at 45 Cents
Nuveen LLC sold its entire position in bankrupt private railroad Brightline’s senior uninsured bonds. The $190 million debt position was reportedly sold at 45 cents on the dollar.
Nuveen LLC was behind a flurry of trading in Brightline’s municipal debt this week, offering up its entire position in the bankrupt private railroad’s senior uninsured bonds, according to people familiar with the matter.
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