HY mute again after ICBPI’s €1.1bn PIK note

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HY mute again after ICBPI’s €1.1bn PIK note

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Istituto Centrale delle Banche Popolari Italiane (ICBPI) sold its €1.1bn PIK note on November 6 in what looked like a comeback week for the high yield bond market — but it turned out to be a short-lived pick-up.

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