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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1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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