Renault the only deal to price in quiet European HY week
The primary European high yield market took a breather this week following last week’s eight deal bonanza. Following a solitary pricing from Renault on Tuesday, the only other live deals were the UK’s House of Fraser and Gala Coral, which were meeting investors (see separate stories).
"It should be a bit quieter in the next few weeks because full year results are now stale," said a banker.
Fallen angel Renaults Eu500m 4.55% 2016 notes dipped below re-offer on Thursday, bid at 99.263 after having been priced at 99.459 on Tuesday. The drive-by was issued in
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