Wind blows over high yield market

November 17, 2010 12:00 am

No less than 15 bookrunners are marketing a Eu3.2bn high yield bond for Wind Telecomunicazioni — the largest high yield deal in Europe this year. It is part of a Eu6.6bn debt refinancing that comes as Wind is being sold to Russia’s VimpelCom. Bankers are confident about the offer and expect strong backing from existing investors when the deal prices on Thursday. Turn to EuroWeek on Friday to see if they were right.

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