Ardagh, Schaeffler dare high yield with €4bn PIK deals

Victor Jimenez

September 08, 2016 05:00 pm

Crowds_230px — Audience with hands raised at a music festival and lights streaming down from above the stage. Soft focus, blurred movement. | Bernard Bodo/bernardbodo - Fotolia

Two of the most familiar names in the high yield borrower base on Wednesday launched a splash of payment-in-kind notes, a rare structure which has constituted only €570m of sales this year.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

Deutsche Bank Bank of America Citi Barclays EMEA Corporate Bonds High yield Loans and High Yield LevFin High Yield Bonds LevFin Europe HSBC

VJ

Victor Jimenez