High yield issuers grab the money as balmy conditions return
European high yield issuers are churning out deals in the run-up to summer, making the most of a sharp revival in risk appetite since the wobbles of May and June. In many cases banks are eager to get deals done as they are refinancing loans they hold on balance sheet – in other cases the companies themselves are keen to use a favourable market and still low interest rates.
In the second last week before the critical mass of European investors closes shop for the holidays, some €2.5bn of high yield bonds are being marketed this week — €400m of which were priced late on Tuesday.
Italian construction company Salini
came first with its five year
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