Cogetech pulls debut, BMC scraps euros

The European high yield market has finally embraced a well-earned summer holiday, after the last two planned deals disappeared from the radar. But bankers were quick to stress that both trades had fizzled out for deal-specific reasons, not because of the market environment.

  • By Stefanie Linhardt
  • 08 Aug 2013

The two were a debut high yield bond from Cogetech, which had been scheduled to price on Friday August 2, and a euro-denominated tranche for BMC Software. 

The €165m dividend-high yield bond for Italian gaming company Cogetech was pulled on the Friday, after books had closed for a ...

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2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

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5 Credit Suisse 41,885.89 127 5.54%