Gatwick makes debut as South Africans tap high yield
Gatwick Funding launched 15 and 30 year secured notes on Wednesday morning, looking to raise £400m-£600m in its first visit to the bond market. Greece’s Coca Cola Hellenic Bottling Co and Egger, an unrated Austrian furniture marker, also came to market on Wednesday, launching non-benchmark deals.
The bonds are the first all week in the euro or sterling investment grade corporate markets.
Europes high yield market, also experiencing low supply this year, had a Eu500m euro and dollar deal from South African clothing retailer Edcon on Tuesday. After launching at Eu400m-equivalent, the borrower increased the
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