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LevFinLevFin High Yield Bonds

Berry rewarded for braving election week as bond balloons to €1bn

Plastics_Alamy_230x150_12Dec19

Investors gobbled up a high yield bond offering by US plastic packaging company Berry on Thursday, encouraging the company to increase the size twice, eventually reaching over €1bn. Berry is the only speculative grade company to issue a major bond this week in Europe, as most issuers stayed away from a market anxious about the UK general election.

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