Hapag bathes in liquidity
Container shipper Hapag Lloyd priced a Eu150m tap after its earlier issue had traded up sharply in the secondary market. It is further proof of the liquidity in high yield, buoyed by declining yields and a low growth environment without a double dip recession, according to UniCredit. With deals by Siemens Enterprise Communications, the UK’s R&R Ice Cream and FMG still to price this week, turn to EuroWeek on Friday for a full market update.
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