High yield resilient as market remains open, even for Japanese
Such is the strength of Europe’s high yield bond market that even a Japanese borrower can be confident of raising money in it. Telecoms operator eAccess this week boldly stuck to its plans to launch a seven year non-call four deal in dollar and euros. A bond is expected in the coming days.
Having widened out on Tuesday, junk bond indices had tightened on Thursday as other deals were lined up for launch including one for a Spanish construction company despite the broader credit markets remaining volatile.
"Its looking like the junk bond market got scared for five minutes and
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