Empark’s 10x covered deal shows HY open

Empark, the Spanish car parks operator, attracted a strongly oversubscribed book for its €385m bond debut.

  • By Stefanie Linhardt
  • 13 Dec 2013

The €235m fixed rate tranche was 10 times covered and traded up on Thursday — an overwhelming indication that the high yield primary market is still open despite the nearing Christmas holidays.

Besides the six year fixed rate tranche, the senior secured deal includes a €150m floating rate tranche ...

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2 Bank of America Merrill Lynch (BAML) 10.66
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4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%