OI adds to European high yield prospects
OI European Group, a unit of US bottle maker Owens-Illinois, is set to price a Eu500m high yield bond on Thursday in the second large deal to close in Europe’s high yield market this month. OI is a further indicator of a busy second half for the market, which is on track to surpass last year’s Eu38bn record issuance. Read EuroWeek on Friday for a full update on OI’s pricing and all other deals that are on roadshow.
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