Tidal wave of high yield deals on the horizon after investors flood LyondellBasell, Matalan, Abengoa
High yield bonds for a mixed bag of issuers, including UK clothing store Matalan, bankrupt chemical firm LyondellBasell and unrated Spanish engineering and renewable energy group Abengoa, drew a rapturous response from investors this week after a muted six weeks for the market in Europe.
These deals are likely to be the precursors of a new wave of high yield issuance starting the week after next.
Several companies some of them potential first-time high yield issuers have been asking their bank lenders to consent to bond fundraisings, which could lead to
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.