O-I has the bottle to lead European HY surge
Although a subsidiary of US bottle maker Owens-Illinois was the only European high yield borrower to emerge this week, O-I Europe’s Eu500m 10 year bond on Thursday could signal the start of what bankers expect will be an onslaught of new issues in the sector in coming weeks.
With a broad range of issuers lining up deals, total volume could reach Eu50bn by the end of the year up from Eu31.8bn as of September 10.
"Yields are coming in and are well below the market average," said Marisa Drew, co-head of the European debt advisory and
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