Cirsa and Labco kick off high yield
Spanish gaming company Cirsa priced Europe’s first junk bond of the year on Tuesday night, a Eu280m tap of it Eu400m 2018 note. And Labco, a French medical diagnostics firm, launched a Eu500m seven year deal the same day. That could price next week. Bankers were confident the two bonds would give strong impetus to the high yield market. “They should set a good tone for the rest of the quarter,” said one. Read what investors think of the deals on in EuroWeek on Friday.
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