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.
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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