Agrokor, Piaggio go for pic’n’mix bag of buyers
Croatian food and drinks retailer Agrokor and Italian scooter company Piaggio kept the flag flying for high yield issuers with two well received deals this week, as bankers predicted that sub-investment grade supply could continue well into December.
"There are still plenty of high yield deals on the cards, although the issuance window could close soon," said one syndicate banker. "These trades can take a little longer as the types of investors theyre targeted at need more time to digest them. Some could spill into January."
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