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Investors put Bingo on watch as debt trades at a discount

S&P’s downgrade of Macquarie’s waste management play Bingo Industries has set off alarm bells for someone.

Waste management group Bingo Industries was bought out in a $2.3 billion takeover by a Macquarie entity. 

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/investors-put-bingo-on-watch-as-debt-trades-at-a-discount-20240515-p5jdzl