Europe HY goes further down US road as Befesa plots dividend deal
The European high yield market is looking more like its US counterpart by the day. After having already embraced the return of triple-C credits and PIK notes in deals earlier this year (see EuroWeek issue no 1,200, April 15), investors were this week turning their minds to an upcoming Eu300m deal from Spain’s Befesa Zinc, which will partly finance a dividend payment.
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