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LevFinLevFin High Yield Bonds

Innovia builds €1bn book for FRN high yield bond debut

Innovia Group, a food packaging firm, showed that floating rate notes were still in fashion in the European high yield market this week. It sold a €342m bond after building a book of over €1bn, only a week after Löwen Play abandoned its FRN deal to sell a fixed rate bond instead.

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